Beyond Mergers: A Diversified Approach to Event-Driven Investment - AllianceBernstein

Skip to main contentCrypto NewsOct 24, 2026, 12:45 a.m. EDT2 min readSummaryFranklin Templeton added about $150 million in shares of its tokenized money market fund to the XRP Ledger, bringing the network’s total to nearly 193 million shares worth about $200 million. All sgBENJI shares on the XRP Ledger remain in a single wallet that shares transaction signers with Franklin’s issuing account, though it is unclear whether the wallet represents one investor or multiple clients. The fund invests in short-term dollar debt and money-market instruments, and its XRP Ledger holdings can be approved, frozen or recovered by Franklin. Franklin Templeton added $150 million worth of shares in its tokenized money market fund to the XRP Ledger earlier Friday, with every new share went to one wallet which now holds the fund’s entire token balance on the network. That wallet and Franklin’s issuing account authorize the identical eight signing addresses. Any two can jointly approve a transaction, according to CoinDesk’s review of ledger records. The wallet holds nearly 193 million sgBENJI shares, up from about 48 million before Thursday.