Ripple, Franklin Templeton, and DBS Group have formed a strategic partnership to offer tokenized money market funds through Ripple’s RLUSD stablecoin.
DBS, Asia’s largest bank, will list Franklin Templeton’s sgBENJI token, a digital version of its U.S. dollar short-term money market fund, alongside Ripple’s RLUSD on the DBS Digital Exchange (DDEx). Accredited and institutional clients can now trade and lend these tokens instantly.
This setup lets investors shift seamlessly between stablecoin liquidity and yield-generating exposure, giving them greater flexibility to manage market volatility and demand.
“This partnership demonstrates how tokenized securities can inject greater efficiency and liquidity into global financial markets,” said Lim Wee Kian, CEO of DBS Digital Exchange.
The collaboration will also allow clients to use sgBENJI tokens as collateral for obtaining credit through repurchase agreements. Alternatively, via third-party platforms, with DBS acting as collateral manager.
What Makes Ripple RLUSD Ideal
The partnership is timely as institutional interest in digital assets continues to climb. Recent surveys show that 87% of institutional investors expect to increase allocations to blockchain-based assets in 2025.
Banks, asset managers, and fintech leaders are seeking secure, fast, and compliant mechanisms for exposure and risk management, an ambition met by this novel tokenization model.
Ripple’s RLUSD, issued on the XRP Ledger blockchain, acts as the regulated “exchange mode” linking investors to real-world assets. It is designed to facilitate secure, low-cost transactions and provide seamless liquidity. This is for global asset managers and banks operating in the digital asset space. Franklin Templeton will mint its money market tokens on the XRP Ledger, leveraging its speed, efficiency, and security.
As financial markets evolve toward borderless 24/7 trading, the Ripple, Franklin Templeton, and DBS partnership offers a blueprint for the future. The integration of regulated stablecoins, tokenized funds, and institutional workflows sets a new bar in capital efficiency, transparency, and global liquidity management. For investors, it enables seamless access to yield, flexible collateral management, and real-time risk adjustment in one unified platform.
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