Quick answer: Franklin Templeton minted about 144.4 million new sgBENJI shares on the XRP Ledger on Oct. 22, 2026, worth about $150 million at $1.039 a share. That lifts the fund’s XRPL supply to 192.7 million shares, near $200 million, and every share sits in one wallet.
Franklin Templeton has nearly quadrupled its tokenized money market fund on the XRP Ledger. On Oct. 22, 2026, it delivered about $150 million of new sgBENJI shares on the Franklin Templeton XRP Ledger setup, and every one of them went to a single wallet.
That makes Franklin one of the larger real-world asset issuers on XRPL. However, the data also shows how closed this market still is. One wallet holds the fund’s entire XRPL supply.
What did Franklin Templeton add to the XRP Ledger?
CoinDesk first reported the move on Oct. 24. We checked the public ledger records ourselves. They confirm the story.
On Oct. 21, Franklin’s issuing account created receipt tokens for the deal. One receipt is labeled “SUBSCRIPTION_CASH Receipt – SGBENJI” and records a $75 million cash subscription. Then, on Oct. 22, the issuer sent two payments of 72,184,793 shares each, at 02:58 and 04:13 UTC.
At the $1.039 share price recorded in those transactions, each batch is worth $75 million. Together, that is $150 million.
As a result, the holder wallet now has 192,698,409 sgBENJI shares. That is up from about 48.3 million after its last top-up on Sept. 10. The fund’s whole outstanding XRPL supply matches that number, so no other wallet holds any shares.
What is sgBENJI?
Each sgBENJI token is one share of the Franklin OnChain U.S. Dollar Short-Term Money Market Fund. The fund is domiciled in Singapore. It holds short-term dollar debt, such as government paper, commercial paper and bank deposits, per CoinDesk. Yield builds up in the share price, not as new tokens.
Technically, the token uses XRPL’s newer multi-purpose token (MPT) standard. Its on-chain metadata names “Franklin Templeton Investments” as issuer and “US Treasuries” as the asset class. In addition, holders need Franklin’s approval, and the issuer can freeze or claw back tokens. So this is a permissioned fund share, not a freely traded coin.
Why the Franklin Templeton XRP Ledger wallet matters
The single-wallet setup is the most interesting detail. The holder account and Franklin’s issuing account share the same eight signers. Any two of them can approve a transaction. The holder wallet also has its master key disabled, per XRPScan.
For this reason, the pattern looks like an omnibus or custody account run by Franklin’s own operations team. Brokers often hold many clients’ shares in one account and track owners off-chain. Franklin’s fund papers describe such a hybrid register, CoinDesk noted. Still, Franklin had not said how many investors stand behind the wallet.
For readers, then, this means the $150 million is real fund money on a public chain. But it is not proof of broad retail demand on XRPL. Until shares move to more wallets, the on-chain market is effectively one account.
How it compares with other XRPL assets
RWA.xyz data cited by CoinDesk ranks Franklin second among XRPL tokenized asset platforms. Ripple’s RLUSD stablecoin leads with about $930 million on the network, while Ondo sits near $185 million.
Meanwhile, XRP itself was weak. At 13:51 UTC on Oct. 24, CoinGecko priced XRP at $1.28, down 2.7% in 24 hours. Bitcoin fell 1.5% to $80,616 over the same window. In other words, a large fund deposit did not lift XRP. That is expected, since sgBENJI is priced in dollars and does not need XRP beyond small network fees.
Tokenized funds are spreading across chains this month. We covered JPMorgan’s tokenized money market funds on Solana and HSBC’s RedCoin stablecoin launch. Franklin also expanded its crypto ETF line, as our report on its Bitcoin drip ETFs shows.
What to watch next
- More holder wallets. If sgBENJI moves to new addresses, that would point to several distinct investors.
- The DBS link. Ripple, Franklin and DBS planned in 2025 to let DBS Digital Exchange clients swap between sgBENJI and RLUSD. A live swap would add real on-chain activity.
- XRPL upgrades. Network changes matter for issuers too, as seen in our story on the delayed XRP Ledger bug fix.
FAQ
How much did Franklin Templeton add to the XRP Ledger?
About $150 million. Ledger records show two payments of 72,184,793 sgBENJI shares on Oct. 22, 2026, at $1.039 a share. The XRPL total is now 192.7 million shares, worth near $200 million.
Who owns the sgBENJI shares on XRPL?
That is not public. All shares sit in one wallet that shares its eight signers with Franklin’s issuer account. It may be an omnibus account for several clients, but Franklin has not confirmed this.
Does the Franklin Templeton XRP Ledger fund affect the XRP price?
Not directly. The shares are priced in dollars and only use XRP for tiny network fees. XRP fell 2.7% to $1.28 in the 24 hours to 13:51 UTC on Oct. 24, per CoinGecko.
Not financial advice. Crypto assets are volatile; do your own research (DYOR) before you trade.
Sources
- CoinDesk: Franklin Templeton adds $150 million in fund shares to XRP Ledger
- XRPScan: sgBENJI holder account and signer list
- XRPScan: $75 million subscription receipt transaction
- RWA.xyz: XRP Ledger tokenized assets
- CoinDesk: Ripple, Franklin Templeton and DBS to offer token lending and trading
- CoinGecko: XRP price
