Franklin Templeton Just Put About $200 Million of a Money Market Fund on XRPL Franklin Templeton just added about $150 million in new shares of its tokenized money market fund to XRPL, bringing the total position on the network to nearly 193 million shares worth about $200 million at the recorded $1.039 share price. These are shares of Franklin Templeton’s Singapore-domiciled U.S. dollar short-term money market fund, which holds short-term dollar debt and money market instruments. The new issuance came through two $75 million subscriptions. Each one produced a little over 72 million new sgBENJI shares on XRPL, and before those transactions there were about 48 million shares on the network. All of the sgBENJI shares currently issued on XRPL sit in one wallet. That doesn’t mean one person owns $200 million of the fund because the wallet could represent one investor, several investors or an omnibus structure where ownership is tracked separately. Franklin hasn’t publicly said who sits behind it. The wallet holding the shares and Franklin’s issuing account also use the same eight authorized signing addresses, with two signatures required to approve a transaction. Holding sgBENJI directly requires Franklin’s approval too, and the issuer keeps controls that can freeze or recover balances. This is what institutional tokenization actually looks like right now. A fund can sit on a public ledger and still have approved holders, issuer controls, compliance rules and multi-signature security around it. About $150 million in new shares showed up through two subscriptions and pushed the XRPL position to about $200 million. That’s real fund value represented directly on the ledger, even though the ownership is highly concentrated in one controlled wallet. Franklin, DBS and Ripple have also already discussed a setup where eligible clients can move between sgBENJI and RLUSD, and DBS has explored using the fund shares as collateral for lending. That connects a tokenized money market fund, a regulated dollar stablecoin and potential credit around the same infrastructure. I’m not turning one wallet into a story about millions of new users, and I’m not pretending $200 million of $XRP was bought because it wasn’t. Franklin Templeton put another $150 million of a real money market fund onto XRPL, bringing the total position to about $200 million. The next stage is whether those shares start getting used for swaps, collateral or other financial activity around RLUSD. If that happens, the $200 million sitting on XRPL starts doing more than just representing ownership in a fund.

I’ve built a ton of utilities on the XRPL, and one of the things I enjoy most is finding new ways to bring real use cases to $XRP. Lately, I’ve been spending a lot of time developing games, and it’s honestly been one of the most rewarding things I’ve taken on. Some are already starting to release, like @radgarlington RAD LEDGER RUN. I’ve got @DungeonHouseXRP deep in production, along with @ContinentalWCK, @NFTITANS_XRPL, and several other games I haven’t even announced yet. I’m also developing an animated series for @HOMEEZ_XRPL that brings the characters you collect from the capsule machine to life beyond their NFTs. I’ve spent years building applications and utilities, but there’s something different about creating games and bringing these characters and worlds to life. I’m having a lot of fun with this, and I can’t wait for you guys to see everything else we’re working on.

“I am the light of the world. Whoever follows me will never walk in darkness, but will have the light of life.” John 8:12 NIV

RLUSD adoption doesn’t automatically translate into more demand for $XRP. They’re designed for different purposes. $XRP is still the native asset of the XRPL, used for fees, reserves, trading, and liquidity. But meaningful additional demand depends on people and institutions actually choosing to use it beyond those basic requirements. RLUSD can continue growing without a matching increase in $XRP demand. They can also complement each other through trading and liquidity. That’s why I keep telling people to pay attention to how the technology is actually being used, not just the announcements.

Welcome to all my new frens. Appreciate you being here. I talk about $XRP, build on the XRPL, share what I’m working on, and occasionally call out some bullshit. I love God, country, guns, and Jiu-Jitsu. You’ll get a little bit of life, family, and whatever else is on my mind. You can click the link in my bio to check out my $XRP ecosystem and everything I’m building. Glad to have you here!

It takes almost no effort to do a clown audit. Most of these clowns expose themselves the second they start typing. I do it to highlight the ignorance, misinformation, and bullshit being spread throughout the $XRP community. Some have thousands of followers who believe every word they say. Others barely have any followers but still show up in my comments acting like they know everything. Half of them can’t even get the basics right, but somehow they’re experts. The problem is people read this shit, believe it, and repeat it without ever checking if it’s true. If you’re going to make accusations or spread misinformation, don’t be surprised when somebody checks your claims. I don’t have to make anyone look stupid. They do a perfectly good job of that themselves.

When you know who you are, you stop needing the world to tell you. You focus on what God has placed in your life and trust Him to guide you. The right people, opportunities, and moments will come when they’re supposed to. Stop worrying about keeping up with everyone else or living up to their expectations. You don’t have to rush everything or prove yourself to anybody. Your path doesn’t have to look like anyone else’s. Trust God, stay focused on what you’re called to do, and move at your own pace.

I’m back to working on NEB today, our Network Exchange Bot for the XRPL. @NEB_XRPL is being built to monitor XRPL markets, track liquidity, analyze order books and AMMs, and find trading opportunities. Eventually, users will be able to execute trades directly from their own wallets without giving up control of their funds. I want the $XRP community to have a powerful trading tool that’s easy to understand and use, with proper risk controls built into it from the beginning. There’s still plenty of work ahead, and I’m not interested in rushing something that’s going to be handling people’s money. I want NEB to be one of the best trading tools on the XRPL, and we’re going to build it right. House of Cauliman style.