Franklin Templeton Hits $1.1 Billion on Stellar (XLM), Leaving XRP Ledger Far Behind

Franklin Templeton has been building tokenized real-world asset products across blockchain networks, and this update places Stellar at the center of that effort. The milestone lands after the firm’s Stellar-based holdings were said to have crossed $1.1 billion on November 5, 2026, while XRP Ledger activity was listed at a much smaller level. For readers following tokenized funds, the story is about where a major asset manager has concentrated its on-chain issuance.

In practical terms, the difference between Stellar and XRP Ledger matters to firms deciding where to issue and hold tokenized shares. A network that holds the larger share of Franklin Templeton’s on-chain assets becomes the more important venue for custody, transfers, and operational planning around those products. The concentration of sgBENJI tokens in one wallet on XRP Ledger also points to a very different usage pattern from the broader distribution implied by a larger network footprint.

The wider issue is how much real-world asset activity will settle on a small number of chains rather than spreading across competing blockchains. Franklin Templeton’s allocation puts Stellar in a visible position against XRP Ledger and Ethereum, which highlights the race among networks to host institutional tokenization. That concentration raises a familiar trade-off: more activity on one chain can bring clearer liquidity and product support, while also tying more of the market’s infrastructure to a narrower set of rails.