Key Takeaways
- • Franklin Templeton added $150 million in tokenized fund shares to the XRP Ledger (XRPL), lifting its on-chain token count from approximately 48 million to 193 million shares, valued at nearly $200 million, according to FXLeaders.
- • The newly issued shares represent the Franklin OnChain U.S. Dollar Short-Term Money Market Fund, which is established in Singapore.
- • Valued at approximately $1.039 per share, the position positions Franklin Templeton as one of the largest tokenized real-world asset (RWA) holders on the XRP Ledger, second only to Ripple's RLUSD stablecoin.
- • All newly minted shares landed in a single XRPL wallet that shares eight authorized signing addresses with the primary issuing account, requiring any two signers to authorize transactions; it is unconfirmed whether the wallet serves a single investor or pooled assets.
- • The move signals growing institutional interest in public layer-1 blockchains for cash management and tokenized money market funds.
Summary
Global asset manager Franklin Templeton added $150 million in tokenized fund shares to the XRP Ledger, according to FXLeaders, reporting on October 24, 2026. The newly issued shares are tokens representing the Franklin OnChain U.S. Dollar Short-Term Money Market Fund, which is established in Singapore. The issuance roughly quadrupled Franklin Templeton's token count on the network, raising total holdings from approximately 48 million shares to 193 million shares.
At an estimated value of about $1.039 per share, the overall XRPL position now totals nearly $200 million. That scale places Franklin Templeton among the largest tokenized real-world asset positions on the XRP Ledger, second only to Ripple's RLUSD stablecoin, per the report.
On-chain custody details were also disclosed. All newly minted shares were deposited into a single XRPL wallet. That account shares eight authorized signing addresses with the primary issuing account, and any two signers must authorize transactions. The report notes it remains unconfirmed whether the wallet belongs to a single institutional investor or functions as a custody account for pooled assets.
The transaction underscores expanding institutional interest in using public layer-1 blockchains, such as the XRP Ledger, for cash management and tokenized money market funds.
At an estimated value of about $1.039 per share, the overall XRPL position now totals nearly $200 million. That scale places Franklin Templeton among the largest tokenized real-world asset positions on the XRP Ledger, second only to Ripple's RLUSD stablecoin, per the report.
On-chain custody details were also disclosed. All newly minted shares were deposited into a single XRPL wallet. That account shares eight authorized signing addresses with the primary issuing account, and any two signers must authorize transactions. The report notes it remains unconfirmed whether the wallet belongs to a single institutional investor or functions as a custody account for pooled assets.
The transaction underscores expanding institutional interest in using public layer-1 blockchains, such as the XRP Ledger, for cash management and tokenized money market funds.
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