# Franklin Templeton Adds $150 Million in Tokenized Fund Shares to XRP Ledger

> Franklin Templeton added $150 million in tokenized money market fund shares to the XRP Ledger, lifting the network's sgBENJI total to nearly 193 million shares.

- Published: 2026-10-24T05:15:02+00:00
- Section: Product Launches
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-24/franklin-templeton-xrp-ledger-fund-shares
- Source: [CoinDesk](https://www.coindesk.com/markets/2026/10/24/franklin-templeton-adds-usd150-million-in-fund-shares-to-xrp-ledger-all-in-one-wallet)

## Key takeaways

- Franklin Templeton added about $150 million in sgBENJI shares to the XRP Ledger through two $75 million subscriptions.
- The XRP Ledger now holds nearly 193 million sgBENJI shares worth about $200 million at a $1.039 share price.
- All sgBENJI on the network sits in one wallet whose eight signing addresses match Franklin's issuing account.

Franklin Templeton added about $150 million in shares of its tokenized money market fund to the XRP Ledger, bringing the network's total to nearly 193 million shares worth about $200 million. [CoinDesk](https://www.coindesk.com/markets/2026/10/24/franklin-templeton-adds-usd150-million-in-fund-shares-to-xrp-ledger-all-in-one-wallet) reported the subscriptions, which nearly quadrupled the fund's tokens on the network.

## Franklin Templeton's Two Subscriptions on XRP Ledger

[Franklin Templeton](https://akta.pro/company-profiles/000000m/franklin-templeton) wrote two subscription receipts onto the ledger on Wednesday, each recording a $75 million cash subscription with its own reference code. Two batches of just over 72,184,793 shares followed at 02:58 and 04:13 UTC on Thursday, each carrying a matching receipt code and a $1.039 share price.

The receiving wallet holds the fund's entire token balance on the network, up from about 48 million shares before Thursday. That wallet and Franklin's issuing account authorize the identical eight signing addresses, and any two can jointly approve a transaction, according to CoinDesk's review of ledger records. Whether the wallet represents one investor or several remains unclear.

Each token represents a share of the Singapore-domiciled Franklin OnChain U.S. Dollar Short-Term Money Market Fund, which invests in short-term dollar debt and money-market instruments including government paper, commercial paper and bank deposits. Returns accumulate in the share price. Holding sgBENJI directly on XRPL requires Franklin's approval, and its settings allow the issuer to freeze balances and recover tokens.

RWA.xyz ranks Franklin second in its XRP Ledger table of tokenized asset platforms, behind Ripple's RLUSD stablecoin at about $930 million and ahead of Ondo at $185 million.

## Franklin Templeton's Tokenized Fund Records

Franklin Templeton manages $1.78 trillion in assets under management, including $1.7 trillion in investor assets, according to akta.pro [company records](https://akta.pro/company-data). The firm operates across more than 35 countries. Its Franklin Crypto division manages approximately $1.8 billion in digital asset strategies following the completion of its 250 Digital acquisition.

## Franklin Templeton's Earlier Tokenized Fund Steps

Franklin and DBS announced the fund's Singapore-authorized structure in November 2025 with a $20 minimum investment, initially available to wealth and accredited clients, with retail access expected in early 2026, CoinDesk reported. Their September 2025 agreement with Ripple outlined plans for eligible DBS Digital Exchange clients to switch between sgBENJI and RLUSD, and DBS said it would explore lending against the fund tokens.

## Franklin Templeton's Next Steps

Franklin had not responded to CoinDesk's questions about whether the wallet is an omnibus account, how many investors funded the subscriptions and whether they or their custodians will receive tokens in separate addresses as of Asia morning hours on Saturday.

## Companies in this story

- [Franklin Templeton company profile](https://akta.pro/company-profiles/000000m/franklin-templeton) · website: http://www.franklintempleton.com

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