Franklin Templeton adds $150M to XRP Ledger money market fund, total nears $200M

The scale of this single-wallet concentration is the notable detail: two $75 million subscriptions landing in one address means the XRP Ledger's second-largest on-chain asset pool is effectively one issuer's captive distribution channel, not organic secondary-market activity. That matters for how the network's tokenized-fund footprint should be read — growth here reflects a large allocator's subscription decisions rather than broad holder demand. Whether the fund's XRP Ledger share base diversifies beyond that wallet, or stays a single-issuer, single-holder balance, is the open question for anyone tracking real versus nominal on-chain adoption.