XRP News: Franklin Deploys $150M on XRPL as Price Stalls Near $1.30

Key Insights XRP News centered on Franklin Templeton’s $150 million sgBENJI issuance on Oct. 22. RWA.xyz recorded $642.2 million in distributed XRP Ledger assets and 451 tokenized assets. XRP traded near $1.30, while spot exchange-traded fund inflows remained modest. The latest XRP news focused on Franklin Templeton’s latest fund issuance, even as XRP traded around $1.30. The asset manager added approximately $150 million in tokenized money market fund shares on Oct. 22. Public ledger records placed the resulting share balance near $200 million, raising questions about adoption and token demand. The transactions involved sgBENJI, which represents shares in Franklin’s Singapore-based U.S. dollar short-term money market fund. Two transfers each placed approximately 72.18 million shares into a single XRP Ledger wallet.

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