On Thursday, two transactions occurred around 02:58 and 04:13 UTC, involving just over 72,184,793 shares. Each transaction had a corresponding receipt code and was priced at $1.039 per share.
However, the details regarding the investors, the source of funding, and any ties to existing holdings on Stellar, another blockchain utilized by the fund, remain undisclosed.
According to RWA.xyz, Franklin’s position in the XRP Ledger is valued at approximately $193 million, which aligns with the share count at a dollar each. The share price recorded on Thursday, however, indicates a valuation that is nearly $8 million higher.
The Purpose of a Single Wallet
Brokers and custodians typically consolidate shares for multiple clients into one account, keeping track of individual ownership separately.
Franklin’s fund documentation outlines a system that integrates blockchain records with information stored off the network. This includes data that “links the wallet addresses on the distributed ledger to their actual identities.”
It remains uncertain whether this specific wallet is associated with a single investor or multiple ones.
CoinDesk reached out to Franklin for clarification on whether this is an omnibus account, the number of investors involved in the subscriptions, and if those investors or their custodians would receive tokens at distinct addresses. As of Saturday morning in Asia, the firm had not yet provided a response.
In November 2025, Franklin and DBS unveiled the Singapore-approved framework for the fund, which required a minimum investment of $20. Initially catering to wealthier and accredited investors, access for retail clients was anticipated to roll out in early 2026.