Franklin Templeton’s $150 Million sgBENJI Issuance Goes to One Wallet

Franklin Templeton’s latest issuance sent about $150 million in tokenized money-market fund shares, known as sgBENJI, to one wallet on XRP Ledger, lifting its balance to nearly 193 million shares. sgBENJI denotes a tokenized interest in Franklin Templeton’s Franklin OnChain U.S. Dollar Short-Term Money Market Fund. The wallet held about 48 million shares before the addition. At $1.039 per share, a price reflected in transaction records, the full balance is worth roughly $200 million. That valuation covers all shares in the wallet; the roughly $150 million amount applies only to the new issuance. The figures refer to different snapshots.

Source: TokenPost