Discrepancies Emerge in sgBENJI Token Valuation Figures
Data sources show conflicting valuations for the sgBENJI fund following the token's expansion across blockchain networks.
Updated on Oct. 24, 2026 in Investing
Live Poll
Do you trust investment data when different official records show significantly different asset values?
Recent network data for the sgBENJI token reveals a sharp discrepancy between treasury reporting and on-chain figures. While the token maintains a $1 net asset value per share, conflicting valuations of the total fund have emerged across different reporting sources.
Why it matters
Accurate valuation metrics are essential for investors tracking tokenized assets, especially as these funds integrate across multiple blockchain ledgers. The current reporting gap highlights the challenges in synchronizing cross-network data for institutional financial products.
The sgBENJI token, which is pegged to a $1 net asset value per share, currently records 192,698,410 outstanding units on the XRP Ledger. Network breakdowns show 48,328,825.16 units on XRP Ledger and 26,940,477.58 units on the Stellar network.
The players
Franklin Templeton
An international investment firm that provides global asset management services to institutions and individuals.
DBS
A multinational banking and financial services corporation headquartered in Singapore.
Ripple
A technology company that develops the XRP Ledger and associated blockchain payment solutions.
The details
The tokenization project stems from a memorandum of understanding signed between Franklin Templeton, DBS, and Ripple. Financial data sources currently present conflicting totals, with treasury figures estimating the value at $231,188,451 compared to network breakdowns listing $75,269,303.
Timeline
September 18, 2025: Franklin Templeton, DBS, and Ripple sign a memorandum of understanding to tokenize sgBENJI.
October 23, 2026: Reported network breakdown and treasury figures for the sgBENJI fund emerge.
Market Dynamics
This valuation conflict follows the SEC's guidance on digital asset securities disclosure, which requires firms to maintain transparency in cross-ledger accounting. The incident underscores the challenges of aligning institutional asset reporting with decentralized ledger technology.
Retail and institutional investors should be aware that cross-platform data synchronization can result in temporary reporting lags or valuation variances. Investors should verify fund status through official treasury reports rather than relying solely on individual network explorer metrics.
The takeaway
Maintaining clarity in asset valuation is a critical step for the maturation of tokenized institutional funds. Investors are encouraged to cross-reference multiple data sources when evaluating blockchain-based financial products.
Further reading
Learn more about asset tokenization trends in our guide to Investing.
Live Poll
Do you trust investment data when different official records show significantly different asset values?
