DBS Bank to accept tokenized $736M fund for repo collateral as RLUSD goes live on DDEx
Ripple is increasing its position in digital asset infrastructure via a brand new partnership with DBS Bank and Franklin Templeton, in accordance to a Sept. 18 announcement.
According to the agency, the collaboration introduces buying and selling and lending instruments constructed round tokenized collateral and stablecoins, marking a push to bridge conventional markets with blockchain-based liquidity.
The initiative is anchored on DBS Digital Exchange (DDEx), which can now record Ripple’s US greenback stablecoin (RLUSD) alongside sgBENJI, the tokenized model of Franklin Templeton’s OnChain US Dollar Short-Term Money Market Fund.
This pairing permits institutional purchasers to trade steady property instantly, offering each portfolio flexibility and yield alternatives not usually obtainable in unstable crypto markets.
Instead of allocating funds to Bitcoin, Ethereum, or XRP, the place sharp worth actions arguably erode worth, purchasers can rotate into sgBENJI and preserve round the clock liquidity.
These companies’ executives have framed this improvement as a step ahead in institutionalizing tokenized securities.
Ripple President Monica Long noted that tokenized property should supply utility and liquid secondary markets to obtain their potential. She pointed to this collaboration as an instance of how stablecoins and tokenized funds can work collectively to present sensible monetary infrastructure.
Franklin Templeton to broaden to XRP Ledger
Franklin Templeton is getting ready to broaden its token interoperability by launching sgBENJI on the XRP Ledger.
Roger Bayston, Head of Digital Assets at Franklin Templeton, emphasised that tokenization can “reshape the worldwide monetary ecosystem” and highlighted the position of the blockchain community in unlocking new use circumstances for securities buying and selling.
According to RWA.xyz data, the fund is already live on seven different blockchains, together with Stellar, Arbitrum, and Base, and at the moment manages greater than $736 million in tokenized property.
The integration with the XRP Ledger is predicted to push adoption additional and strengthen cross-chain performance.
At the identical time, DBS is getting ready to enable purchasers to put up sgBENJI tokens as collateral for repurchase agreements with banks or as safety on third-party lending platforms.
The agency argued that this is able to prolong liquidity channels for institutional buyers whereas assuring lenders of tokenized, regulated fund publicity.
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