Ripple partners with DBS and Franklin Templeton to launch tokenised trading and lending solutions
The post Ripple partners with DBS and Franklin Templeton to launch tokenised trading and lending solutions appeared on BitcoinEthereumNews.com. Key Takeaways Ripple, DBS, and Franklin Templeton are partnering to offer tokenised trading and lending solutions using the XRP Ledger blockchain. The initiative introduces trading of Franklin Templeton’s sgBENJI token on DBS Digital Exchange and utilizes Ripple’s RLUSD stablecoin. DBS, Franklin Templeton, and Ripple have entered into a memorandum of understanding to collaborate on trading and lending products backed by tokenised money market funds on the XRP Ledger blockchain and stablecoins, according to a Wednesday announcement. The collaboration, one of the largest efforts to merge traditional money market funds with blockchain and stablecoins for accredited and institutional investors, will allow clients to trade Franklin Templeton’s sgBENJI token on DBS Digital Exchange using Ripple’s RLUSD stablecoin. DBS will also explore allowing clients to use sgBENJI tokens as collateral for obtaining credit through bank repos or third-party platforms. DBS Digital Exchange chief Lim Wee Kian said the tie-up underscores the potential of tokenised securities to boost market efficiency and liquidity. “Digital asset investors need solutions that can meet the unique demands of a borderless 24/7 asset class,” said Kian. “Having been active in Asia’s blockchain ecosystem since 2021, this initiative strengthens our leadership position and represents a new front in DBS’ mission to provide our clients with trusted, institutional-grade solutions to build their digital asset portfolios.” The partnership comes as institutional investor interest in digital assets grows, with 87% expecting to invest in the asset class in 2025, according to an EY-Parthenon and Coinbase report. Franklin Templeton will tokenize sgBENJI on the XRP Ledger, chosen for its speed, efficiency, and low transaction costs. The token represents Franklin Templeton’s Franklin Onchain U.S. Dollar Short-Term Money Market Fund. “We believe that blockchain and tokenization unlock powerful new use cases that have the potential to reshape the global financial ecosystem,” said Roger Bayston, Head of…
The post Ripple partners with DBS and Franklin Templeton to launch tokenised trading and lending solutions appeared on BitcoinEthereumNews.com.
Key Takeaways Ripple, DBS, and Franklin Templeton are partnering to offer tokenised trading and lending solutions using the XRP Ledger blockchain. The initiative introduces trading of Franklin Templeton’s sgBENJI token on DBS Digital Exchange and utilizes Ripple’s RLUSD stablecoin. DBS, Franklin Templeton, and Ripple have entered into a memorandum of understanding to collaborate on trading and lending products backed by tokenised money market funds on the XRP Ledger blockchain and stablecoins, according to a Wednesday announcement. The collaboration, one of the largest efforts to merge traditional money market funds with blockchain and stablecoins for accredited and institutional investors, will allow clients to trade Franklin Templeton’s sgBENJI token on DBS Digital Exchange using Ripple’s RLUSD stablecoin. DBS will also explore allowing clients to use sgBENJI tokens as collateral for obtaining credit through bank repos or third-party platforms. DBS Digital Exchange chief Lim Wee Kian said the tie-up underscores the potential of tokenised securities to boost market efficiency and liquidity. “Digital asset investors need solutions that can meet the unique demands of a borderless 24/7 asset class,” said Kian. “Having been active in Asia’s blockchain ecosystem since 2021, this initiative strengthens our leadership position and represents a new front in DBS’ mission to provide our clients with trusted, institutional-grade solutions to build their digital asset portfolios.” The partnership comes as institutional investor interest in digital assets grows, with 87% expecting to invest in the asset class in 2025, according to an EY-Parthenon and Coinbase report. Franklin Templeton will tokenize sgBENJI on the XRP Ledger, chosen for its speed, efficiency, and low transaction costs. The token represents Franklin Templeton’s Franklin Onchain U.S. Dollar Short-Term Money Market Fund. “We believe that blockchain and tokenization unlock powerful new use cases that have the potential to reshape the global financial ecosystem,” said Roger Bayston, Head of…
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