Franklin Templeton Expands XRP Ledger Holdings with $150 Million Addition

crypto · Edition: 2026-10-24

Franklin Templeton added $150 million in fund shares to the XRP Ledger, nearly quadrupling its tokens. This reflects growing blockchain engagement.

Franklin Templeton has significantly increased its presence on the XRP Ledger by adding $150 million in fund shares. This move was executed through two subscriptions on Thursday, which nearly quadrupled the number of the fund's tokens on the network. The receiving wallet for these shares shares its authorized signers with the issuer, indicating a close operational relationship.

This development is notable as it reflects Franklin Templeton's growing engagement with blockchain technology and digital assets. By utilizing the XRP Ledger, the firm is leveraging a decentralized platform known for its speed and efficiency in handling transactions. This could potentially enhance the liquidity and accessibility of the fund's shares, offering investors a more streamlined experience.

According to CoinDesk, the decision to consolidate such a substantial amount in a single wallet highlights the firm's confidence in the security and functionality of the XRP Ledger. This move may also signal a broader trend of traditional financial institutions increasingly adopting blockchain solutions for asset management.

Sources

CoinDesk — Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet

This article was generated by AI based on public information and is for reference only. It does not constitute investment advice.