Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Two subscriptions on Thursday nearly quadrupled the fund’s tokens on the network. The receiving wallet shares its authorized signers with the issuer.
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Summary
- 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.
- All sgBENJI shares on the XRP Ledger remain in a single wallet that shares transaction signers with Franklin’s issuing account, though it is unclear whether the wallet represents one investor or multiple clients.
- The fund invests in short-term dollar debt and money-market instruments, and its XRP Ledger holdings can be approved, frozen or recovered by Franklin.
