Franklin Templeton adds 150 million USD in tokenized money market fund shares to XRPL

Franklin Templeton added approximately 150 million USD worth of shares in its tokenized money market fund to the XRP Ledger. This move increased sgBENJI, the fund’s token on XRPL, to about 193 million from roughly 48 million. Based on a per-share price of 1.039 USD recorded in trading on Oct. 22, the total value is about 200 million USD. All sgBENJI on XRPL is currently held in a single wallet, though it remains unconfirmed whether the wallet holds assets for a single investor or pools assets from multiple clients. sgBENJI represents shares in a fund that invests in short-term U.S. dollar-denominated debt securities and money market instruments.

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