BlackRock Picks Avalanche While Franklin Templeton Chooses the XRP Ledger: Which Chain Is Winning Wall Street?

BlackRock chose Avalanche and Franklin Templeton chose the XRP Ledger, but neither coin has gained a cent from these high-profile partnerships. Understanding why reveals something uncomfortable about what Wall Street's blockchain endorsements actually mean for everyday crypto holders.

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In a notable move for the cryptocurrency landscape, BlackRock added its tokenized dollar liquidity fund to Avalanche (CRYPTO: AVAX) in November 2024. Then, on September 18, 2025, Franklin Templeton, along with Singapore’s DBS Bank and Ripple, announced it would issue Franklin Templeton’s tokenized money market fund on the XRP Ledger, the underlying network for XRP (CRYPTO:XRP).

These developments from two of the largest asset management firms have raised the stakes in the ongoing debate over the XRP Ledger versus Avalanche. However, neither cryptocurrency has seen gains from these partnerships. As of October 10, 2026, AVAX trades at $10.55, about 93% below its peak of $144.96, while XRP stands at $1.41, about 61% below its all-time high of $3.65. This begs the question: which blockchain is winning Wall Street, and does this “victory” benefit holders of these coins?