Ripple’s RLUSD Stablecoin Scores Major Win with DBS and Franklin Templeton Partnership

Ripple just landed the institutional validation every crypto project dreams about—and traditional finance hates to see.

Breaking Through Banking Barriers

DBS Bank and Franklin Templeton didn't just dip a toe in the crypto waters—they plunged headfirst into Ripple's RLUSD stablecoin ecosystem. This isn't another speculative gamble; it's a strategic embrace of blockchain infrastructure that actually moves money instead of just talking about moving money.

The Institutional Stamp of Approval

When two financial giants with combined assets totaling in the trillons back your stablecoin, the message echoes across both traditional and digital finance corridors. They're not experimenting—they're executing. Franklin Templeton's crypto-native team and DBS's Asian market dominance create a powerhouse partnership that could finally bridge the gap between legacy finance and blockchain efficiency.

Meanwhile, traditional banks are still charging $25 wire transfer fees for transactions that take three business days to clear—but sure, keep telling us how blockchain isn't practical for real-world finance.

This partnership doesn't just validate Ripple's technology—it demonstrates that institutional adoption isn't coming anymore. It's already here.

Ripple has taken a step into institutional finance through a new partnership with Singapore’s DBS Bank and U.S. asset manager Franklin Templeton. The deal links Ripple’s U.S. dollar stablecoin, RLUSD, with tokenised money market funds, creating a direct path for accredited investors to trade between cash and yield-bearing products.

DBS Digital Exchange will list Franklin Templeton’s sgBENJI token alongside RLUSD. This gives investors the ability to MOVE between a stablecoin and a money market fund within minutes. The design allows them to maintain liquidity while earning returns, without having to leave digital markets for traditional banking channels.

DBS plans a second stage that WOULD let investors use sgBENJI tokens as collateral. This would open access to credit through repo agreements or lending platforms, extending the role of tokenised funds beyond trading into financing.

Expanding Tokenisation on the XRP Ledger

Franklin Templeton will also expand sgBENJI tokenisation onto the XRP Ledger, citing its fast settlement and low transaction costs. Using the XRP Ledger positions the product within an established blockchain known for its efficiency in handling tokenised assets.

Nigel Khakoo, Ripple’s VP and Global Head of Trading and Markets, said the move gives investors a way to rebalance portfolios and unlock liquidity. He described it as a development that provides the “capital efficiency and utility that institutions demand.”

This is one of the first major cases of RLUSD being used in connection with global financial products. It shows how stablecoins can be paired with tokenised funds to create structures aimed at institutional investors. For Ripple, the partnership places RLUSD at the centre of a model that blends liquidity, credit, and tokenisation in regulated markets.