Franklin Templeton added roughly $150 million in sgBENJI shares to the XRP Ledger, nearly quadrupling its tokenized fund position there. The entire balance sits in one wallet that shares eight signing addresses with the issuing account. RWA.xyz now ranks Franklin second among XRPL tokenized asset issuers.
Franklin Templeton has added roughly $150 million in sgBENJI shares to the XRP Ledger (XRPL). The move nearly quadrupled the asset manager's tokenized fund position on the ledger overnight.
On-chain data shows two separate $75 million cash subscription receipts recorded on Wednesday. The matching share issuances followed on Thursday, and each batch delivered just over 72.18 million sgBENJI shares at $1.039 per share.
Before the inflow, Franklin held roughly 48 million shares on the XRPL. That figure has climbed to nearly 193 million shares, worth approximately $200 million at current pricing.
One wallet, eight signers
The entire sgBENJI balance on XRPL sits inside a single wallet that shares the same eight signing addresses as Franklin's issuing account. Any two of those addresses can jointly approve a transaction, and Franklin retains the right to freeze balances or recover tokens if needed.
The source describes this design as typical of regulated tokenized fund structures. Even so, concentrating the full position in one wallet raises operational questions about who the end investor is. Franklin has not clarified whether the wallet is an omnibus account holding multiple clients or a single large allocation.
The inflow builds on an earlier tie-up. Ripple's partnership with DBS and Franklin Templeton, announced in September 2025, enabled DBS Digital Exchange clients to swap between sgBENJI and Ripple's RLUSD stablecoin and explore using the fund tokens as collateral.
Franklin ranks second among XRPL issuers
RWA.xyz now ranks Franklin Templeton second among tokenized asset issuers on XRPL. Ripple's RLUSD leads with roughly $930 million, while Ondo Finance sits third at $185 million.
The ranking comes as the real-world assets market on the ledger expands. XRPL's real-world asset market cap hit $2.25 billion earlier this year, rising 124% in Q1 2026 alone.
Franklin has also widened where its tokenized shares can be used. Its partnership with Bybit lets eligible clients pledge sgBENJI shares as collateral to secure stablecoin credit lines while still earning fund yield.
Source: CoinGape
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