DBS, Franklin Templeton, Ripple Partner to Launch Tokenized Trading, Lending on XRP Ledger
Singapore’s DBS Bank has signed an MOU with Franklin Templeton and Ripple to listing tokenized cash market fund on DBS Digital Exchange.
Announced on Thursday, the partnership will provide accredited and institutional buyers with buying and selling and lending options. The companies will leverage tokenised cash market funds on the XRP Ledger blockchain and Ripple’s RLUSD stablecoin.
Further, DBS mentioned that it’s going to listing Franklin Templeton’s sgBENJI token and RLUSD on its trade. The itemizing will “allow shoppers to handle their digital asset portfolios extra nimbly in response to quickly altering market situations.”
This implies that eligible buyers can swap between sgBENJI and Ripple’s RLUSD to earn yield, even throughout high volatility.
According to DBS, the setup might enhance effectivity and liquidity in Singapore and world markets. Lim Wee Kian, CEO of DBS Digital Exchange, mentioned that the answer can meet the distinctive calls for of a borderless 24/7 asset class.
“This partnership demonstrates how tokenised securities can play that function whereas injecting better effectivity and liquidity in world monetary markets.”
DBS to Help Clients Unlock Liquidity
Further, DBS is planning to discover enabling sgBENJI tokens to be used as collateral to acquire credit score from bank-run repo transactions or third-party platforms, the place DBS would act because the agent holding the collateral.
The transfer provides shoppers entry to wider liquidity swimming pools, enabling them to leverage their digital property to acquire credit score.
“2025 has been marked by a sequence of industry-firsts when it comes 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, secure and liquid mode of trade comparable to RLUSD is really a game-changer,” mentioned Nigel Khakoo, VP and Global Head of Trading and Markets at Ripple.
Regulated Tokenized Assets Finally Get Institutional Runway in Asia
Major funds within the APAC area are on the lookout for frictionless digital on-ramps. When it comes to compliance, Singapore has one of many strictest—however clearest—crypto regulatory regimes.
The MOU ensures adherence to AML/KYC and investor safety guidelines, setting a best-practice instance.
Singapore’s largest lender, DBS, already offers tokenized structured notes on the Ethereum public blockchain to eligible buyers of digital platforms, together with ADDX, DigiFT and HydraX. The city-state has been deepening its function as a hub for tokenized finance.
Besides, Monetary Authority of Singapore (MAS), has been advancing {industry} trials underneath Project Guardian. It has been exploring how asset tokenization will be built-in with current market infrastructure.
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