Franklin Templeton added $150 million worth of shares in its tokenized money market fund to the XRP Ledger earlier Friday, with every new share went to one wallet which now holds the fund’s entire token balance on the network.
That wallet and Franklin’s issuing account authorize the identical eight signing addresses. Any two can jointly approve a transaction, according to CoinDesk’s review of ledger records.
The wallet holds nearly 193 million sgBENJI shares, up from about 48 million before Thursday. At the $1.039 share price recorded in the transactions, that is worth about $200 million.
Ranks Franklin second in its XRP Ledger table of tokenized asset platforms, behind Ripple’s RLUSD stablecoin at about $930 million and ahead of Ondo at $185 million.
Each token represents a share of the Singapore-domiciled Franklin OnChain U.S. Dollar Short-Term Money Market Fund. It invests in short-term dollar debt and money-market instruments, including government paper, commercial paper and bank deposits. Returns accumulate in the share price.
On Wednesday, Franklin’s issuing account wrote two subscription receipts onto the ledger. Each recorded a $75 million cash subscription and carried its own reference code. $XRP $BTC $NVDAB #NewsAboutCrypto #bullish #ПротоколFOMC
Netanyahu became the first world leader to use the term “superintelligence,” proposed by Trump, instead of “artificial intelligence” $BTC $SPCX #новости #news #CryptoNewss
BTC is currently under pressure from sellers. The price is around 75.9K, and on the 1H timeframe it is below the EMA20 / EMA50 / EMA200, indicating a continuing bearish bias.
📉 Key support: 75,560–76,000 If this zone holds, a rebound and an attempt to recover are possible.
ZEC continues to trade above EMA 20 / EMA 50 / EMA 200, indicating a strong upward structure. RSI is around 62 — buyers are strong, but the market does not yet look critically overbought.
📈 Bullish scenario: holding above 1257 could open the way to 1281+. 📉 Bearish scenario: losing 1150 would increase the likelihood of a pullback to 1067.
⚠️ This is technical analysis, not financial advice. Don’t forget risk management.
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🚀 TermMax — a project worth following in DeFi. Its ecosystem is focused on developing solutions for yield management and financial strategies in the crypto market. I’ll be watching the product’s progress, updates, and new ecosystem opportunities.
Reason: after a long consolidation, HOME made a sharp upward impulse with a push to 0.0112, after which it pulled back to the 0.0099–0.0100 zone. This is now the key area to hold after the impulse. If the price consolidates above 0.0100, a retest of 0.0104–0.0111 is possible. A loss of 0.0091 will invalidate the bullish scenario.
⚠️ After such an impulse, volatility is high — it’s better to wait for confirmation of support.
Usually, a stock lives on the schedule of the stock market. bStocks change the very mechanics of access: a tokenized security can trade on Binance 24/7, while the underlying asset is backed 1:1 by the corresponding share.
One of the interesting examples is $SKHYB , a tokenized exposure on SK Hynix.
But for me, the main question here isn’t “Will SK Hynix grow?”
The main question is whether tokenization will become a familiar bridge between TradFi and crypto infrastructure.
If this format sees mass adoption, the line between the traditional stock market and the crypto market could become less and less noticeable.
My take: bStocks are interesting not just as a new way to trade stocks, but as an experiment in the financial markets’ infrastructure itself.
What do you think?
Tokenized shares — the future of financial markets, or a temporary trend?