Franklin Templeton đưa 150 triệu USD cổ phần quỹ lên XRP Ledger

Tomas RADA · 2026-10-24T08:56:03.000Z

Franklin Templeton mở rộng hoạt động trên XRP Ledger Franklin Templeton vừa chuyển khoảng 150 triệu USD cổ phần trong quỹ thị trường tiền tệ được token hóa của mình lên XRP Ledger. Động thái này khiến số token của quỹ trên mạng lưới đó tăng gần gấp bốn lần. Trước hoạt động diễn ra vào thứ Năm này, sổ cái có khoảng 48 triệu cổ phần. Hiện tổng số đã đạt gần 193 triệu cổ phần [1]. Tài sản được đề cập là token sgBENJI. Mỗi token đại diện cho một cổ phần của Quỹ Thị trường Tiền tệ Ngắn hạn Đô la Mỹ Franklin OnChain, có trụ sở tại Singapore. Quỹ này đầu tư vào các khoản nợ ngắn hạn, tiền gửi ngân hàng và trái phiếu chính phủ. Thay vì trả cổ tức hàng tháng như tài khoản ngân hàng truyền thống, lợi nhuận được tích lũy trực tiếp vào giá cổ phần [1].

Franklin Templeton expansion on XRP Ledger
Franklin Templeton just moved about $150 million in shares of its tokenized money market fund onto the XRP Ledger. This move nearly quadrupled the fund’s tokens on that specific network. Before this activity on Thursday, the ledger held about 48 million shares. Now, the total sits at nearly 193 million shares [1].
The asset in question is the sgBENJI token. Each token represents a share of the Singapore-domiciled Franklin OnChain U.S. Dollar Short-Term Money Market Fund. This fund puts money into short-term debt, bank deposits, and government paper. Instead of paying out a monthly dividend like a traditional bank account, the returns accumulate directly in the share price [1].
The logistics of the move were handled through two specific subscriptions recorded on Wednesday. Each one was a $75 million cash subscription with its own reference code. By Thursday morning, two batches of roughly 72.1 million shares each were minted. The share price recorded in those transactions was $1.039. If you do the math at that price, the total value on the XRP Ledger is roughly $200 million, though some platforms like RWA.xyz list it at $193 million by assuming a flat $1 per share valuation [1].
The single wallet structure
One of the more interesting technical details is that all these shares are sitting in one single wallet. This wallet and the account Franklin uses to issue the tokens share the exact same eight signing addresses. To move funds or approve a transaction, any two of those eight signers must sign off together [1].
We do not know yet if this wallet belongs to one massive investor or if it is an omnibus account holding assets for many different clients. In traditional finance, brokers and custodians do this all the time. They keep everything in one big bucket on the main ledger and then track who owns what in their own private internal databases. Franklin’s own documents mention a register that links blockchain addresses to real-world identities, so they have the data even if the public ledger does not show it [1].
Currently, Franklin sits in second place on the XRP Ledger leaderboard for tokenized asset platforms. They are behind Ripple’s own $RLUSD stablecoin, which has about $930 million, but they have moved ahead of Ondo, which sits at $185 million [1].
Institutional control and compliance
This is not a permissionless setup. To hold sgBENJI on the XRP Ledger, an investor needs Franklin’s explicit approval. The issuer also kept the ability to freeze balances or recover tokens if something goes wrong. These are standard features for institutional products that have to answer to regulators [1].
The fund itself was authorized in Singapore back in November 2025. It started with a $20 minimum investment for wealthy and accredited clients. The plan was to open it up to retail investors in early 2026. This ties into a broader agreement made in September 2025 between Franklin, Ripple, and DBS. That deal was designed to let clients at the DBS Digital Exchange swap between these fund tokens and $RLUSD. DBS also mentioned they wanted to look into lending against these tokens, which would treat the fund shares as collateral [1].
On-chaining traditional debt
The shift toward putting traditional finance assets on blockchains is often driven by a search for better yield or more efficient settlement. Right now, diversified real-world asset stablecoins are pulling in yields between 5% and 7% from real credit markets. This is becoming more attractive as native crypto funding rates have compressed to around 4% [1].
The total addressable market for these types of yields has grown to $4 billion over the last three years. By moving these assets onto a ledger like $XRP, the goal is to cut down the time and cost it takes to settle trades. Instead of waiting days for a bank transfer to clear, the ledger updates the ownership of the shares almost instantly.
The recent transactions on Thursday happened at 02:58 and 04:13 UTC. While the ledger shows the movement of the shares, it does not disclose who the investors are or where the cash originally came from. It also does not show if there is any connection to the fund’s existing holdings on Stellar, which is the other blockchain Franklin uses for this product. The next step for the fund is the expected expansion to retail access, which was slated for early 2026 [1].
Sources
1. CoinDesk, Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet, https://www.coindesk.com/markets/2026/10/24/franklin-templeton-adds-usd150-million-in-fund-shares-to-xrp-ledger-all-in-one-wallet
Charts and the full source list: https://medium.com/@tomasrada8080/franklin-templeton-deploys-150m-in-fund-shares-to-xrp-ledger-603fe39c5c5a