🚀 FRANKLIN TEMPLETON IS ALREADY OPERATING WITH TOKENIZED ASSETS ON XRP LEDGER
Franklin Templeton, one of the largest asset managers in the world, has an effective presence on XRP Ledger through sgBENJI, the Singapore version of its tokenized money market fund. The asset represents interests in the Franklin OnChain U.S. Dollar Short-Term Money Market Fund and was created to run on XRP Ledger, as part of an alliance with DBS and Ripple.
The significance of the move is that this is not only a technological test: sgBENJI already exists as an issued asset on XRPL and is part of a strategy aimed at enabling trading, settlement, and eventually financing operations using tokenized assets and RLUSD.
Franklin Templeton continues to use other networks for BENJI, such as Stellar, but the message is clear:
XRP Ledger is being used as infrastructure for tokenized financial assets from one of the world’s major institutional asset managers.
$XRP #XRPL #FranklinTempleton
Franklin Templeton, one of the largest asset managers in the world, has an effective presence on XRP Ledger through sgBENJI, the Singapore version of its tokenized money market fund. The asset represents interests in the Franklin OnChain U.S. Dollar Short-Term Money Market Fund and was created to run on XRP Ledger, as part of an alliance with DBS and Ripple.
The significance of the move is that this is not only a technological test: sgBENJI already exists as an issued asset on XRPL and is part of a strategy aimed at enabling trading, settlement, and eventually financing operations using tokenized assets and RLUSD.
Franklin Templeton continues to use other networks for BENJI, such as Stellar, but the message is clear:
XRP Ledger is being used as infrastructure for tokenized financial assets from one of the world’s major institutional asset managers.
$XRP #XRPL #FranklinTempleton
