BlackRock Picks Avalanche While Franklin Templeton Chooses the XRP Ledger: Which Chain Is Winning Wall Street?
BlackRock added its tokenized fund to Avalanche (AVAX) in November 2024, while Franklin Templeton announced a tokenized fund on the XRP Ledger in September 2025. As of October 2026, AVAX trades at $10.55, down 93% from its peak, and XRP at $1.41, down 61% from its high. Both funds have not significantly boosted the cryptocurrencies' prices due to low transaction activity.
How this was made
The 30-second read
Why it matters
Both cryptocurrencies have seen modest recent declines, and the fee‑burn mechanism provides little incentive for price appreciation.
Market read
The piece highlights tokenization activity but offers no new catalyst for immediate trading decisions on AVAX or XRP.
What to watch
Potential regulatory clarity on tokenized funds could later boost adoption of both chains.
Background
The article reviews recent tokenized fund deployments on Avalanche and the XRP Ledger, noting limited price impact.
Ticker impact
BlackRock added its tokenized dollar fund to Avalanche in Nov 2024 and the article notes AVAX has not benefited, with a recent 3.5% dip.
likely pressure as the market prices in minimal fee‑stream impact
Fee burns are small and fund tokens are held for yield, providing little upside for AVAX holders.
Franklin Templeton launched a tokenized money‑market fund on the XRP Ledger in Sep 2025; XRP has fallen 5.2% recently with no clear demand boost.
likely pressure as the market sees limited direct usage of XRP in the fund
The fund uses RLUSD for trades, and XRP fees are minimal, so price impact remains weak.
Market effects
Tokenization interest highlights blockchain infrastructure as a service, but limited fee capture reduces immediate upside for AVAX and XRP.
No specific regional effect; both assets trade globally.
The story underscores broader crypto tokenization trends but offers little direct market move.
Counterpoint
If future phases enable XRP as collateral, the ledger could see a delayed demand surge despite current price weakness.
Key entities
- Asset ManagerBlackRock
Added its tokenized dollar liquidity fund to Avalanche.
- Asset ManagerFranklin Templeton
Launched a tokenized money‑market fund on the XRP Ledger.
