Ripple is expanding its presence in institutional finance through a new partnership with DBS Bank, Singapore’s largest bank, and global asset manager Franklin Templeton. The collaboration aims to provide accredited and institutional investors with new trading and lending opportunities using tokenized money market funds and Ripple’s own U.S. dollar stablecoin (RLUSD).
How the Partnership Works
Under the new agreement, DBS Digital Exchange will list Franklin Templeton’s sgBENJI token, which represents a share of the firm’s tokenized U.S. dollar money market fund. Alongside this, Ripple’s RLUSD stablecoin will also be made available.
This setup will allow eligible investors to seamlessly swap between the sgBENJI token and RLUSD to earn yield, creating a more efficient digital financial ecosystem. Additionally, DBS plans to enable clients to use their sgBENJI tokens as collateral for credit.
Ripple’s Core Role
The infrastructure for this project is built on the XRP Ledger, with Franklin Templeton issuing the sgBENJI tokens directly on the platform. This central role in the partnership reinforces Ripple’s position as a key player in the evolving world of tokenized finance, bridging traditional assets with blockchain technology.
The initiative highlights Singapore’s leadership in financial innovation and demonstrates a practical, real-world use case for blockchain in a regulated environment.
September 2025, Cryptoniteuae
