Franklin Templeton RWA Holdings on Stellar Hit $1.1 Billion
Key Summary
Franklin Templeton scaled its tokenized money market fund BENJI to $1.1B on the Stellar network following an overnight capital injection of $200M, according to data published by the RWA Foundation and Token Terminal. The deployment leaves the XRP Ledger far behind in asset distribution, where institutional products remain capped at $200M in sgBENJI holdings. Stellar now handles $20.48B in monthly stablecoin commercial transit volume, dwarfing the $9M recorded across XRPL payment rails.
Key Bullets
- Franklin Templeton pushed its tokenized money market fund assets on the Stellar network to a valuation of $1.1B after a $200M capital inflow.
- Token Terminal data cited by the RWA Foundation highlights a widening gap between Stellar and the XRP Ledger in institutional product deployment.
- Stellar registered $20.48B in monthly stablecoin commercial transit volume while XRP Ledger recorded just $9M across equivalent payment corridors.
- Spiko maintains the lead on Stellar with $2B in tokenized funds while Franklin Templeton occupies the second position ahead of Ondo.
Franklin Templeton Scales Stellar Holdings
Asset management firm Franklin Templeton drove its tokenized money market fund BENJI to $1.1B on the Stellar network Tuesday following an overnight capital injection of $200M. Data published by the RWA Foundation using Token Terminal metrics shows Stellar has become the second-most significant network for the firm behind BNB Chain, outpacing Ethereum allocations.
Representatives at ZeusRWA confirmed the sudden capital allocation landed immediately prior to the report publication cycle. Institutional funds shifted rapidly. The deployment cemented Stellar as a dominant venue for tokenized debt instruments.
XRP Ledger Lags Behind in Distribution
Institutional deployment on the XRP Ledger remains restricted to the sgBENJI fund valued at $200M. Market statistics indicate Stellar holds a 10-fold advantage in unique token holders over XRPL alongside hundreds of millions in monthly asset distribution compared to $22M for its competitor network.
Spiko leads the Stellar ecosystem with $2B in tokenized funds. Franklin Templeton secures the second tier while Ondo and Realiz command roughly $500M each. The structural divide between the two shared-origin protocols continues to expand across institutional desks.
Stablecoin Volume Diverges Across Rails
Stablecoin transit metrics reveal an acute operational gap between the two chains. Digital asset payment volume on Stellar hit $20.48B for the month according to RWA Foundation tracking. On the XRP Ledger, the exact metric sat at $9M, confirming that stablecoins on XRPL sit largely dormant on balance sheets rather than moving through commercial payment tunnels.
Chainlink oracle integrations and upcoming joint venture deployments with the DTCC slated for the first half of 2027 underpin the scaling activity on Stellar. Asset managers are routing capital directly into networks offering proven settlement velocity.
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