Franklin Templeton's Stellar (XLM) Fund Assets Hit $1.1B After BENJI Inflow

Second Network After BNB Chain

Franklin Templeton has lifted the value of its tokenized funds on the Stellar (XLM) mainnet to $1.1 billion as of November 5, powered by a net $200 million that entered its BENJI money market fund over the past day. The milestone moves Stellar into second place among the asset manager's blockchain deployments, behind only BNB Chain and ahead of Ethereum, according to a report published by the RWA Foundation and built on Token Terminal figures. BENJI is a tokenized money market fund, meaning short-term traditional instruments such as treasury paper represented as blockchain tokens and transferable like any other asset on the chain. The fund structure lets qualified investors hold shares of a money market portfolio in token form, with subscriptions and redemptions settled directly on the network rather than through a traditional transfer agent's books. The timing of the final allocation was unusually tight. Researchers at the RWA platform ZeusRWA wrote that Franklin Templeton “decided to add another hundred million just as we were about to publish,” a last tranche that pushed the fund to the round number and, in their words, “amazed even the market veterans.” Net inflows of that size landing in a single day stand out even among this year's larger tokenization deployments, and the late add confirmed the total before the numbers were locked in. The US manager has spent years moving traditional products on-chain, and the $200 million burst arrived during an active second half of 2026 for the Stellar ecosystem, which has been stacking institutional integrations even as token performance lags: the Stellar (XLM) price now trades near $0.1537, down 8.2% over the past 24 hours, leaving the market cap at roughly $5.43 billion on its circulating supply.

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Stellar vs XRP Ledger by the Numbers

The same dataset sizes up Stellar (XLM) against the XRP Ledger, and the comparison is lopsided. Both chains trace back to co-founder Jed McCaleb, yet Stellar counts roughly ten times as many unique real-world asset token holders, and its monthly asset distribution volume runs into the hundreds of millions of dollars against $22 million for XRPL. McCaleb helped create Ripple before founding Stellar, a lineage that has long invited comparison between the two payment-oriented networks. Franklin Templeton's own footprint on the XRP Ledger remains confined to the sgBENJI fund, valued at $200 million. The stablecoin layer shows the widest split. Each chain hosts a similar number of digital dollar assets, but Stellar-linked stablecoins moved $20.48 billion in monthly commercial payment transit while the same metric on XRPL came in at $9 million. For issuers choosing where to deploy, that difference matters: the XRPL figure points to stablecoin balances parked on balance sheets, while Stellar's flows move through commercial payment channels in active use. Liquidity on Stellar (XLM) concentrates in four issuers. Spiko leads with about $2 billion in tokenized funds, roughly half the market on the chain, Franklin's flagship fund ranks second, and the BlackRock-backed Ondo together with Realiz hold most of the remainder at around $500 million each. That concentration means one issuer's deployment decisions can swing the chain's tokenization totals, which is effectively what happened with the latest BENJI additions. Infrastructure work backed the second-half acceleration: Chainlink's price oracle is now integrated, and a joint venture with DTCC, the US securities clearinghouse, is expected to move traditional financial vehicles directly on-chain by the first half of 2027. DTCC plays a central role in US securities clearing and custody infrastructure, giving the partnership a direct route for regulated products onto the chain. Recent additions extend the run, from Securitize's 17th blockchain addition to Curve's StableSwap launch and Janus Henderson's Nasdaq-100 fund platform crossing $1 billion on the chain.

Our own market data frames how the token is absorbing the news. XLM sits at $0.1537, and the composite scoring puts the strongest support at $0.1511, rated 71 out of 100, with the nearest resistance at $0.1720, rated 100 out of 100, a level where several moving-average and Fibonacci references converge. Momentum is soft: the daily RSI reads 31.79, close to oversold territory, and perpetual funding has turned negative at -0.0216%, a stance that typically reflects heavier short positioning. Holding $0.1511 keeps a retest of $0.1720 in play, while a loss of that floor would force a search for the next demand zone lower. Traders tracking the setup can follow our XLM technical analysis for the updated level map.