Franklin Templeton Puts $150 Million More of Its Tokenized Fund on XRP Ledger

By Isaac • October 24, 2026 7:11 am •

Franklin Templeton has put another roughly $150 million of its tokenized money-market fund shares on the XRP Ledger, turning a relatively small deployment into one of the network’s largest real-world-asset positions almost overnight.

The important distinction is that this was not a $150 million purchase of XRP. It was an issuance of sgBENJI, a token representing shares in the Singapore-domiciled Franklin OnChain U.S. Dollar Short-Term Money Market Fund, recorded on XRPL.

CoinDesk reported that two $75 million subscription receipts were written to the ledger before two batches of just over 72.18 million shares were issued at a recorded price of $1.039 apiece.

The receiving wallet now holds nearly 193 million sgBENJI shares, up from about 48