Franklin Templeton issues $150M in sgBENJI fund shares on XRP Ledger
- —Two Oct. 22 transfers of about 72.18 million sgBENJI shares at $1.039 each
- —Total sgBENJI on XRP Ledger reached about 192.7 million shares, or ~$200.2 million
- —XRP Ledger RWA value stands at $642.2 million across 451 tokenized assets
- —US spot XRP ETFs drew about $4.26 million in inflows during Oct. 19–23
Why it matters: The issuance signals institutional deployment on XRPL, but it creates no direct XRP demand since the entire supply sits in one custodial wallet.
Source: The Coin Republic