Ripple, Franklin Templeton and DBS Launch Tokenized Lending and Trading Platform with XRP Ledger

DBS, Franklin Templeton, and Ripple have established a strategic partnership through a Memorandum of Understanding to develop advanced trading and lending solutions utilizing tokenized money market funds on the XRP Ledger blockchain. The collaboration will feature Franklin Templeton's tokenization of its Franklin on-chain U.S. dollar short-term money market fund on the enterprise-grade XRP Ledger. DBS Digital Exchange (DDEx) will list both sgBENJI (the money market fund token) and Ripple's stablecoin RLUSD, providing DBS clients with innovative portfolio rebalancing capabilities between stable assets and yield-generating instruments. This dual offering enables investors to maintain yield generation even during market volatility periods. Ripple's VP and Global Head of Trading and Markets, Nigel Khakoo, described the partnership as a "game changer" for traditional financial institutions moving on-chain. The integration allows for repo trades using tokenized money market funds with regulated, stable exchange mechanisms through RLUSD. DBS Digital Exchange CEO Lim Wee Kian emphasized how tokenized securities enhance efficiency and liquidity in global financial markets. Additionally, DBS is exploring options for sgBENJI token holders to use their tokens as collateral for borrowing from the bank or third-party platforms, creating new liquidity avenues while maintaining exposure to yield-generating funds.