Franklin Templeton Boosts XRPL Tokenized Fund Assets to $200 Million

Quick overview

Live XRP/USD Chart

XRP/USD

Global asset manager Franklin Templeton added $150 million in tokenized fund shares to the XRP Ledger (XRPL). The newly issued shares are tokens belonging to the Franklin OnChain U.S. Dollar Short-Term Money Market Fund (established in Singapore).

 The $150 million influx roughly quadrupled Franklin Templeton’s token count on the XRP Ledger, raising total network holdings from ~48 million shares to 193 million shares. Valued at approximately $1.039 per share, the overall position on the XRPL now totals nearly $200 million.

On-Chain Custody: All newly minted shares landed in a single XRP Ledger wallet. This account shares eight authorized signing addresses with the primary issuing account (requiring any two signers to authorize transactions). It remains unconfirmed whether this wallet belongs to a single institutional investor or serves as a custody account for pooled assets.

RWA Growth on XRPL: With nearly $200 million in tokenized shares on-chain, Franklin Templeton stands as one of the largest tokenized real-world asset (RWA) positions on the XRP Ledger, second only to Ripple’s RLUSD stablecoin.Institutional Infrastructure: The move underscores expanding institutional interest in leveraging public layer-1 blockchains, like the XRP Ledger, for cash management and tokenized money market funds.

Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 20 years of working experience in investment trading