XRP Ledger Gets $150M From Franklin Templeton – All in One Wallet

A single XRP Ledger wallet held 192.7 million sgBENJI shares, worth about $200.2 million at $1.039, after two $75 million subscriptions to the Singapore-domiciled Franklin OnChain U.S. Dollar Short-Term Money Market Fund were issued on October 22. Franklin’s issuing account wrote the subscription receipts onto the ledger on October 21, and the two batches of roughly 72.18 million shares followed at 02:58 and 04:13 UTC. The fund reported $75.29 million in net assets on September 30 across all networks, making the new subscriptions large relative to its prior size. The wallet and Franklin’s issuing account share the same eight authorized signers, with any two able to approve transactions.