Franklin Templeton adds $150 million in fund shares to XRP Ledger, bringing total to $200 million in one wallet
Franklin Templeton added $150 million worth of shares in its tokenized money market fund to the XRP Ledger on Friday, with all new shares going to a single wallet. This brings the fund's total token balance on the network to nearly $200 million, held entirely within that one wallet. The wallet and Franklin's issuing account share identical authorized signers, requiring any two to jointly approve a transaction. These transactions nearly quadrupled the number of sgBENJI shares on the XRP Ledger, which represent shares of the Singapore-domiciled Franklin OnChain U.S. Dollar Short-Term Money Market Fund. The fund invests in short-term dollar debt and money-market instruments.
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