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Franklin Templeton added about $150 million worth of shares in its tokenized money market fund to the XRP Ledger, CoinDesk reported.
The 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 recorded in trading on Oct. 22, the total value is about $200 million. All sgBENJI on XRPL is currently held in a single wallet, although it has not been confirmed 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.