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Franklin Templeton believes $XRP is steadily gaining the kind of institutional credibility that Bitcoin and Ethereum currently enjoy.
Notably, the new position is driven by $XRP’s ETF activity, real-world utility, and expanding global adoption.
Key Points
- Franklin Templeton says $XRP is gaining institutional credibility like Bitcoin and Ethereum.
- $XRP ETFs now manage $1.38B, with major inflows from Canary, Franklin Templeton, and Bitwise.
- $XRP’s $RLUSD stablecoin strengthens its business case for enterprise adoption.
- Growth in computer-to-computer payments positions $XRP Ledger for Web3 transaction expansion.
$XRP ETFs Driving Institutional Demand
Speaking on a recent podcast with host Paul Barron, Sandy Kaul, Head of Innovation at Franklin Templeton, said $XRP is “moving in that direction” as demand from both institutional and retail investors continues to rise.
Her comments follow the recent launch of several $XRP exchange-traded funds, which have seen strong early success. $XRP ETFs now boast assets under management exceeding $1.38 billion.
Major contributors to these inflows include Franklin Templeton with $275.79 million in $XRP assets. The largest asset manager in the $XRP ETF space is Canary Capital, with $349.94 million. Other major participants include Bitwise ($314 million), 21Shares ($226.97 million), and Grayscale ($215.78 million).
Commentators see this substantial investment as an important signal that $XRP is gaining acceptance within traditional finance circles, alongside Bitcoin and Ethereum ETFs.
$RLUSD Stablecoin Strengthens $XRP’s Business Case
Kaul also highlighted $XRP’s native stablecoin, $RLUSD, as a key differentiator in the digital asset ecosystem. $XRP is one of the few public blockchains that operates its own stablecoin, a feature she said adds a new dimension to enterprise adoption.
“I think that when you have your own stablecoin, and you’ve got a public chain with an independent verification network, this starts to become a pretty interesting business case,” Kaul said.
Computer-to-Computer Payments as a Key Growth Driver
Kaul pointed to the rise of computer-to-computer transactions as one of the most exciting long-term developments in Web3. As automated systems increasingly transact with one another, blockchain-based payment rails such as the $XRP Ledger could play a central role in enabling these new economic models.
She suggested that growing comfort with Web3 technologies will significantly expand transaction volumes across public blockchains.
Franklin Templeton Expands Global Engagement With Ripple
Franklin Templeton’s relationship with Ripple spans several years, particularly outside the United States. While Ripple faced regulatory challenges domestically during its lawsuit, Kaul noted that the company continued building its business internationally.
“We operate globally, so we’ve been engaged with them in Asia for some time, and now we’re seeing that start to spread to more regions of the world,” she said.
As institutional participation accelerates and stablecoin use cases mature, Franklin Templeton’s comments suggest $XRP is entering a new phase that positions it alongside Bitcoin and Ethereum in the eyes of Wall Street.