Franklin Templeton Tokenizes U.S. Treasury Fund Worth $192M on XRP

Franklin Templeton’s tokenized U.S. Treasury Fund, sgBENJI, has grown to $192.698 million on the XRP Ledger (XRPL). This recent increase has made sgBENJI the largest distributed real-world asset (RWA) on the network, excluding stablecoins, as tokenization continues to gain ground across the XRP ecosystem. The XRPL has seen strong growth in real-world asset tokenization this year, with more financial products moving onto the network. The latest development involves Franklin Templeton’s sgBENJI fund. For context, Franklin offers the sgBENJI U.S. Treasury Fund through the Franklin Templeton Benji Investments division, regulated by Singaporean authorities. The product represents a share of the Franklin OnChain U.S. Dollar Short-Term Money Market Fund.

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