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Franklin Templeton puts $150 million of fund shares on the XRP Ledger, all in one wallet

Two $75 million cash subscriptions were followed by two batches of just over 72,184,793 sgBENJI shares, all sent to one wallet. Whether it holds one investor's money or many is unclear.

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Why it matters: These are tokenized money market fund shares issued on the ledger, not XRP coins, so this isn't buying of XRP.

For information only, not investment advice.

Franklin Templeton issued about $150 million of new tokenized money market fund shares on the XRP Ledger, all to one wallet, CoinDesk reported. That wallet now holds all of the fund's nearly 193 million shares on the network. Franklin hadn't replied to CoinDesk by publication.

Sources

  1. Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet, CoinDesk
  2. XRP Ledger transaction records for wallet rDvuE3MJoh7FtiWvF3qTYCgFQmtXkiuVE2, XRPSCAN

Tags: fintech