Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Two subscriptions on Thursday nearly quadrupled the fund’s tokens on the network. The receiving wallet shares its authorized signers with the issuer.
Franklin Templeton increased its holdings of tokenized shares on the XRP Ledger by $150 million earlier this week, placing them all in a single wallet. The wallet now holds nearly 193 million sgBENJI shares, up from about 48 million before Thursday. Each token represents a share of the Franklin OnChain U.S. Dollar Short-Term Money Market Fund, which invests in short-term dollar debt and money-market instruments.
The wallet and the fund's issuing account use the same eight signing addresses, allowing any two to jointly approve transactions. Franklin's SG-brokered account recorded two subscription receipts on Wednesday, each for $75 million, which led to the issuance of over 72 million shares each. The share price was $1.039 at the time, placing the fund's XRP Ledger position at nearly $200 million.
Franklin and DBS announced the fund's structure in November 2025, with retail access expected in early 2026.
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