Altcoins
Franklin Templeton Bolsters XRP Ledger with $150 Million Tokenized Fund Infusion
Financial giant Franklin Templeton significantly expanded its presence on the XRP Ledger by adding $150 million worth of shares in its tokenized money market fund, sgBENJI. This move nearly quadrupled the fund's total assets on the network, bringing the aggregate to approximately 193 million shares valued at about $200 million. The entire balance currently resides within a single wallet, sparking discussions about institutional asset management practices in the blockchain space.
