{
  "id": 16281220,
  "title": "Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet",
  "url": "https://urgent.news/2026/10/24/franklin-templeton-adds-150-million-in-fund-shares-to-xrp-ledger-all",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T04:45:43.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/10/24/franklin-templeton-adds-usd150-million-in-fund-shares-to-xrp-ledger-all-in-one-wallet"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Two subscriptions on Thursday nearly quadrupled the fund’s tokens on the network. The receiving wallet shares its authorized signers with the issuer.",
  "key_points": [
    "Franklin Templeton added $150 million in XRP Ledger fund shares in one wallet.",
    "Wallet holds nearly 193 million sgBENJI shares, up from 48 million.",
    "Two $75 million subscriptions led to issuance of over 72 million shares each."
  ],
  "editors_take": "Concentrating massive holdings within a single wallet signals the institutional scaling of tokenized money market funds on the XRP Ledger ahead of broader retail access.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}