Key facts
- Franklin Templeton added $150 million in sgBENJI shares to the XRP Ledger.
- The asset manager's position on the ledger now stands at nearly 193 million shares, valued at approximately $200 million.
- The sgBENJI balance is held in a single wallet with eight signing addresses, requiring any two to approve transactions.
- Franklin Templeton ranks second among tokenized asset issuers on XRPL, behind Ripple's RLUSD.
Franklin Templeton has significantly expanded its presence on the XRP Ledger by adding approximately $150 million in sgBENJI shares, nearly quadrupling its holdings. The move involved two $75 million cash subscription receipts recorded on Wednesday, followed by corresponding share issuances on Thursday. This brings Franklin Templeton's total position on the ledger to nearly 193 million shares, valued at around $200 million. The entire sgBENJI balance is managed within a single wallet secured by eight signing addresses, requiring any two to authorize transactions, a structure typical for regulated tokenized funds. This expansion aligns with a broader institutional trend on XRPL, supported by Ripple's prior partnerships and Franklin Templeton's public backing of the ledger's utility. Franklin Templeton now ranks second among tokenized asset issuers on XRPL, with Ripple's RLUSD leading and Ondo Finance in third place.