Franklin Templeton has issued $150 million in tokenized money-market fund shares on the XRP Ledger, increasing the total to nearly $200 million in sgBENJI tokens. These tokens represent shares in a Singapore-based short-term money market fund. However, all tokens are held in a single wallet controlled by Franklin Templeton, raising questions about the distribution of ownership. This move is part of Franklin Templeton's broader strategy to integrate traditional finance with blockchain technology and follows collaborations with DBS Bank and Ripple to develop tokenized fund trading and lending services.
The XRP Ledger's new $150 million issuance of tokenized fund shares provides context for cryptocurrency market activity. For readers following the sector, here is Pluang's market snapshot as of Oct 25, 2026 01:41 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell. Polkadot (DOT) traded at Rp18.868 with a 1-day change of -7.13%, VeChain (VET) at Rp123 with -6.80%, and Harmony (ONE) at Rp24 with -6.71%.
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