Key takeout
- Ripple, DBS, and Franklin Templeton partner with to provide tokenized trading and lending solutions using the XRP ledger blockchain.
- The initiative introduces Franklin Templeton’s Sgbenji Token trading on DBS Digital Exchange and uses Ripple’s RLUSD Stablecoin.
According to a Wednesday announcement, DBS, Franklin Templeton and Ripple introduced the memorandum of understanding to cooperate on transactions and loan products supported by XRP ledger blockchain and Stubcoin tokenized money market funds.
Collaboration, one of the biggest efforts to integrate traditional money market funds with blockchain and stubcoin for certified institutional investors, allows clients to trade Franklin Templeton’s Sgbenji tokens on DBS Digital Exchange using Ripple’s RLUSD Stubcoin.
DBS also considers allowing clients to use Sgbenji tokens as collateral to obtain credits through bank repository or third-party platforms.
DBS Digital Exchange chief Lim Wee Kian said the partnership highlights the potential for tokenized securities.
“Digital asset investors need a solution that can meet the unique requirements of a borderless 24/7 asset class,” Kian said. “This initiative, which has been active in the Asian blockchain ecosystem since 2021, strengthens our leadership position and represents a new front in DBS’ mission, providing clients with reliable institutional grade solutions to build digital asset portfolios.”
According to a report by Ey-Parthenon and Coinbase, 87% expect to invest in asset classes in 2025, which arises as institutional interest in digital assets grows.
Franklin Templeton tokenizes Sgbenji in the XRP ledger and selects for its speed, efficiency and low transaction costs. The token represents Franklin on-chain US dollar short-term money market fund from Franklin Templeton.
“We believe that blockchain and tokenization will unlock strong new use cases that could rebuild the global financial ecosystem,” said Roger Baston, head of digital assets at Franklin Templeton.
Nigel Khakoo, VP of RIPPLE and global head of global trading and markets, said that by enabling repo trading for RLUSD-backed tokenized money market funds, it provides a regulatory, stable, liquid exchange mechanism while also allowing investors to seamlessly shift between assets bear the stability and yield within a single ecosystem.
“2025 marks the industry number one in terms of traditional financial institutions moving on-chain. Also, link-ups between RIPPLE, DBS and FRANKLIN TEMPLETON to enable repository money market funds with a regulated, stable, liquid-mode talkle-in-mode money market fund repository mode, such as RLUSD, have said that they are truly gamers.
RLUSD was released last December and has been steadily growing ever since. According to Coingecko, Ripple’s flagship Stablecoin had reached a market capitalization of nearly $700 billion as of September 17th.
