Franklin Templeton Puts $150 Million on the XRP Ledger as XRP Price Slides

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Franklin Templeton quadrupled its tokenised fund shares on the XRP Ledger in two days while XRP fell toward $1.28. Why usage and price are moving apart.Two numbers tell the XRP story this week, and they point in opposite directions. Franklin Templeton has issued about $150 million in tokenised money market fund shares on the XRP Ledger, nearly quadrupling its footprint on the network in 48 hours. Over the same stretch, $XRP slipped toward $1.28, down roughly 3 percent on the day and well below the $1.40 level it was chasing a week ago. Institutional usage up, token price down. Here is how both can be true at once.What did Franklin Templeton actually do on the XRP Ledger?Franklin's issuing account recorded two $75 million subscription receipts on Wednesday 22 October. On Thursday it followed with two issuances of roughly 72.18 million sgBENJI shares each, priced at $1.039 per share. Before the move, about 48 million shares sat on the XRP Ledger. The count is now close to 193 mill...