Franklin Templeton Adds $150M in Fund Shares to XRP Ledger
Two minted batches nearly quadrupled sg BENJI shares on XRPL, but the source does not say who must act or whether the wallet is one client or an omnibus account.
Source-checked briefing: prepared from the official notice cited below and checked for source, date, duplication, and risk language. No individual editor review is claimed. Methodology
Franklin Templeton added about $150 million of shares from its tokenized money market fund to the XRP Ledger, according to Bitkub's report. The source says the fund's token count on XRPL rose from roughly 48 million to nearly 193 million shares, valued at about $200 million at a recorded $1.039 per share. The transfer was recorded as two $75 million subscription receipts on Wednesday, followed by two mint batches of slightly over 72,184,793 shares each at 02:58 and 04:13 UTC on Thursday. The source does not establish any required action for readers, and it does not address account security.
On this page
- 01
The source reports a $150 million addition of tokenized money market fund shares to the XRP Ledger.
- 02
Shares on XRPL rose from roughly 48 million to nearly 193 million, valued at about $200 million at $1.039 per share.
- 03
Two subscription receipts of $75 million each were logged on Wednesday, followed by two mint batches on Thursday.
Key timeline
Franklin's issuing account logs two on-chain subscription receipts of $75 million each, with separate reference codes.
First batch of slightly over 72,184,793 shares is minted at $1.039 per share.
Second batch of slightly over 72,184,793 shares is minted at $1.039 per share.
Bitkub publishes its report on the addition.
Who may be affected
- Existing holders of sg BENJI tokens on the XRP Ledger
- Parties whose shares are represented in the single holding wallet, if any
- Franklin Templeton's issuing and signer accounts on XRPL
Impact analysis
The confirmed operational change is an increase in sg BENJI shares recorded on XRPL, from roughly 48 million to nearly 193 million, held in one wallet. Because the source says holding the token requires issuer permission and that the issuer can freeze balances or recover tokens, control over the tokens remains tied to Franklin Templeton's framework rather than to open transferability. The source does not say whether the wallet belongs to one client or an omnibus account, so it does not establish which underlying investors are represented. It also does not state any effect on the fund's price, liquidity, redemption terms, or availability to new holders.
What the announcement does not say
The source does not disclose whether the single wallet is a single client or an omnibus account, the identities behind the subscription receipts, any link to holdings on Stellar, or whether access or redemption terms changed.
Risk notes
- The source states that tokenized investments are subject to market conditions, operational risks, and regulatory changes.
- Token holdings on XRPL require issuer permission, and the issuer can freeze balances or recover tokens under its controls.
- The source does not establish asset safety, value stability, or liquidity effects of the addition.
- This article is only for verifying official exchange announcements and is not investment or trading advice.
- This article verifies official exchange announcements and does not constitute investment or trading advice.
This article is for information only and is not investment, legal, or tax advice. Digital assets are volatile and may result in loss of principal.
Frequently asked questions
Does this announcement require me to do anything?
No. The source describes a transfer of fund shares onto the XRP Ledger and does not establish any required action for readers.
Can anyone hold sg BENJI on XRPL?
The source says holding the tokens on XRPL requires permission and that Franklin Templeton maintains controls to approve holders, freeze balances, or recover tokens.
Is the holding wallet one investor or many?
The source says it is unclear whether the wallet represents a single large client or an omnibus account holding shares for multiple investors.
Official sources
Collected material is used only for fact checking. If this page differs from the original announcement, the official page controls.
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