#FranklinTempletonAdds$150MFundSharesToXRPLedger
đŠ Franklin Templeton Puts $150M More of Its Money Fund on XRP Ledger
đ Two $75M subscriptions were recorded Wednesday, shares issued Thursday
đ sgBENJI on XRPL jumped from ~48M to ~193M shares, about $200M at $1.039 each
đ All of it sits in one wallet sharing Franklin's 8 issuer signers
â Franklin hasn't said if that's one investor or a custodial account
đ RWA.xyz ranks it second on XRPL, behind RLUSD (~$930M)
What it means for crypto: more real-world assets are moving onto XRP Ledger rails, but this is permissioned TradFi money, not direct demand for XRP, which trades near $1.29 (-2.9% on the day).
Is tokenized cash a real driver for XRPL, or just plumbing? đ
$XRP
#CryptoNews #RWA #XRPL #FranklinTempletonAdds$150MFundSharesToXRPLedger
đŠ Franklin Templeton Puts $150M More of Its Money Fund on XRP Ledger
đ Two $75M subscriptions were recorded Wednesday, shares issued Thursday
đ sgBENJI on XRPL jumped from ~48M to ~193M shares, about $200M at $1.039 each
đ All of it sits in one wallet sharing Franklin's 8 issuer signers
â Franklin hasn't said if that's one investor or a custodial account
đ RWA.xyz ranks it second on XRPL, behind RLUSD (~$930M)
What it means for crypto: more real-world assets are moving onto XRP Ledger rails, but this is permissioned TradFi money, not direct demand for XRP, which trades near $1.29 (-2.9% on the day).
Is tokenized cash a real driver for XRPL, or just plumbing? đ
$XRP
#CryptoNews #RWA #XRPL #FranklinTempletonAdds$150MFundSharesToXRPLedger