The winds of change are blowing in the financial landscape, and asset management giant Franklin Templeton is at the forefront. With over $1.4 trillion under its belt, the firm recently made waves with the approval of its Bitcoin ETF alongside 10 others last week.
But Bitcoin isn’t the only game in town for Franklin Templeton. A recent social media post suggests they’re casting their net wider, exploring the potential of Ethereum (ETH), Solana (SOL), and XRP.
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Shifting Focus From Bitcoin to Broader Horizons
Franklin Templeton’s Bitcoin ETF approval is just the tip of the iceberg. The company’s X account has been buzzing with crypto-related activity, from its recent profile picture change which excited the crypto community, to dedicated posts highlighting the evolving ecosystems of Ethereum (ETH) and Solana (SOL).
This strategic move indicates a clear interest in expanding beyond Bitcoin and delving deeper into the diverse world of blockchain.
Ripple Makes Its Case
One of the most intriguing blockchains in the market now is XRP Ledger (XRPL). Sensing an opportunity, Ripple CTO David Schwartz took to X to share the XRPL’s virtues.
Schwartz emphasized its lightning-fast transactions, rock-solid stability, having processed millions efficiently since its launch in 2012, and its prowess in tokenizing real-world assets – a subject that Franklin Templeton has shown interest in.
I agree @FTI_US! The XRPL's decade-long track record in reliability and stability is unmatched, especially in tokenizing and exchanging both crypto-native and real-world assets. #XRPL https://t.co/bvkxIrArPH
— David "JoelKatz" Schwartz (@JoelKatz) January 18, 2024
This pitch aligns perfectly with the asset manager’s potential focus on real-world asset tokenization, as hinted in their recent posts and Schwartz’s past statements. Other prominent crypto figures also joined the conversation.
Panos Mekras, a prominent crypto personality and co-founder of Anodos, shared a link to the XRPL website, saying, “Time to Jump on XRPL.” XRPCryptowolf, a Bitrue ambassador and prominent XRP enthusiast, stated that XRPL is the best network in the market.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Ex-Ripple CTO Declines Help to Unlock His $241 Million Bitcoin Wallet, Has Two Guesses Left
Will Franklin Templeton Adopt the XRPL?
While Franklin Templeton’s exact plans remain unclear, the crypto community is abuzz with speculation. XRP enthusiasts, in particular, are pushing for an XRP Spot ETF, citing the XRPL’s legal clarity as a major advantage compared to other cryptocurrencies, whose regulatory status is murkier.
The Road Ahead
Franklin Templeton’s foray into the crypto world marks a significant shift in the traditional finance landscape. Their exploration of various blockchain ecosystems, beyond just Bitcoin, signals a growing recognition of the immense potential this technology holds.
As industry giants like Franklin Templeton embrace the future of finance, they might be in for a lovely ride, as a top analyst recently predicted when XRP would reach $5.
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