Two batches of just over 72,184,793 shares followed at 02:58 and 04:13 UTC Thursday, each carrying a matching receipt code and a $1.039 share price.
The receipts leave the investors, funding source and any connection to existing holdings on Stellar, the other blockchain the fund uses, undisclosed.
RWA.xyz lists Franklin’s XRP Ledger position at about $193 million, matching the share count at a dollar each. Thursday’s recorded share price puts its value nearly $8 million higher.
Why one wallet
Brokers and custodians routinely hold shares for many clients in one account, tracking individual ownership separately.
Franklin’s fund documents describe a register combining blockchain entries with records held outside the network, including information “which links the wallet addresses of the entries on the distributed ledger to their real-world identities.”
Whether this particular wallet represents one investor or several remains unclear.
CoinDesk asked Franklin whether it is an omnibus account, how many investors funded the subscriptions and whether they or their custodians will receive tokens in separate addresses. The firm had not responded as of Asia morning hours on Saturday.
Franklin and DBS announced the fund’s Singapore-authorized structure in November 2025 with a $20 minimum investment. Initially available to wealth and accredited clients, retail access was expected in early 2026.
