Key Takeaways
- Ripple, DBS, and Franklin Templeton are partnering to supply tokenised buying and selling and lending options utilizing the XRP Ledger blockchain.
- The initiative introduces buying and selling of Franklin Templeton’s sgBENJI token on DBS Digital Change and makes use of Ripple’s RLUSD stablecoin.
DBS, Franklin Templeton, and Ripple have entered right into a memorandum of understanding to collaborate on buying and selling and lending merchandise backed by tokenised cash market funds on the XRP Ledger blockchain and stablecoins, in accordance with a Wednesday announcement.
The collaboration, one of many largest efforts to merge conventional cash market funds with blockchain and stablecoins for accredited and institutional traders, will permit purchasers to commerce Franklin Templeton’s sgBENJI token on DBS Digital Change utilizing Ripple’s RLUSD stablecoin.
DBS may even discover permitting purchasers to make use of sgBENJI tokens as collateral for acquiring credit score by way of financial institution repos or third-party platforms.
DBS Digital Change chief Lim Wee Kian mentioned the tie-up underscores the potential of tokenised securities to spice up market effectivity and liquidity.
“Digital asset traders want options that may meet the distinctive calls for of a borderless 24/7 asset class,” mentioned Kian. “Having been lively in Asia’s blockchain ecosystem since 2021, this initiative strengthens our management place and represents a brand new entrance in DBS’ mission to supply our purchasers with trusted, institutional-grade options to construct their digital asset portfolios.”
The partnership comes as institutional investor curiosity in digital property grows, with 87% anticipating to put money into the asset class in 2025, in accordance with an EY-Parthenon and Coinbase report.
Franklin Templeton will tokenize sgBENJI on the XRP Ledger, chosen for its pace, effectivity, and low transaction prices. The token represents Franklin Templeton’s Franklin Onchain U.S. Greenback Quick-Time period Cash Market Fund.
“We imagine that blockchain and tokenization unlock highly effective new use circumstances which have the potential to reshape the worldwide monetary ecosystem,” mentioned Roger Bayston, Head of Digital Property at Franklin Templeton, noting that the partnership marks actual progress for tokenized securities and a key milestone in growing Asia’s digital asset ecosystem.
Nigel Khakoo, Ripple’s VP and International Head of Buying and selling and Markets, acknowledged that enabling repo trades for a tokenised cash market fund backed by RLUSD offers a regulated, steady, and liquid trade mechanism, whereas additionally permitting traders to shift seamlessly between stablecoins and yield-bearing property inside a single ecosystem.
“2025 has been marked by a sequence of industry-firsts relating to conventional monetary establishments transferring onchain – and the linkup between Ripple, DBS, and Franklin Templeton to allow repo trades for a tokenised cash market fund with a regulated, steady, and liquid mode of trade, corresponding to RLUSD, is really a game-changer,” mentioned Khakoo.
RLUSD was launched final December and has seen regular progress since then. Ripple’s flagship stablecoin achieved a market capitalization of practically $730 billion as of September 17, in accordance with CoinGecko.
