# XRP Ledger Lists 192.7 Million sgBENJI Units as Values Diverge

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/39608
Published: 2026-10-24T03:52:10.000Z
Updated: 2026-10-24T03:52:10.000Z
Section: Investing

> Figures dated Oct. 23 put total value at $75.3 million, while a separate treasury figure lists $231.2 million.

A current XRP Ledger entry carries 192,698,410 sgBENJI units, while separate figures dated Oct. 23 show different network amounts and valuations for Franklin Templeton’s tokenized money-market fund.

sgBENJI represents shares in the Franklin OnChain U.S. Dollar Short-Term Money Market Fund. The underlying vehicle is a short-term money-market fund structured as a sub-fund of Franklin Templeton Investments VCC.

A network breakdown marked Oct. 23 lists 48,328,825.16 sgBENJI units on XRP Ledger and 26,940,477.58 on Stellar. It also gives the fund a $1 net asset value (NAV), or per-share value, and a total value of $75,269,303. The two network amounts add up to 75,269,302.74, close to that total at $1 per unit.

The 192,698,410 figure is an outstanding-unit total, while the Oct. 23 XRPL figure is a network-specific amount. They are distinct measurements. A separate treasury figure dated Oct. 23 lists sgBENJI at $231,188,451 and gives no network breakdown. That figure is $155,919,148 higher than the $75,269,303 total in the network breakdown.

Franklin Templeton, DBS and Ripple signed a memorandum of understanding on Sept. 18, 2025, that set out plans to tokenize sgBENJI on XRPL. Those plans included listing the token on DBS Digital Exchange alongside Ripple USD (RLUSD) and exploring the use of fund shares as collateral.