DBS, Franklin Templeton and Ripple Launch Trading with Tokenized Money Market Funds - The Future is Now

Breaking the mold—traditional finance giants dive headfirst into tokenization.

Singapore's DBS Bank partners with Franklin Templeton and Ripple to unleash tokenized money market fund trading. This isn't just another pilot—it's a full-scale assault on conventional investment barriers.

How it works: Real-world assets meet blockchain efficiency. Investors get instant settlement, fractional ownership, and global access—everything traditional finance promised but never delivered at scale.

The institutional floodgates are opening. While banks finally play catch-up with crypto-native innovation, remember: they're not disrupting the system—they're just trying to stay relevant before decentralized alternatives make them obsolete.

Modern treasury functions through tokenization

With sgBENJI, the token of the “Franklin Onchain US Dollar Short-Term Money Market Fund,” investors can now seamlessly rebalance their portfolios between RLUSD and sgBENJI at any time. The advantage is that this can be done around the clock and within minutes – unlike traditional money market funds, which only trade during market hours and often take days to settle.

In the next phase, DBS is exploring whether sgBENJI tokens can be used as collateral – either in repo transactions with the bank or through third parties where DBS acts as collateral agent. This WOULD allow the token not only to serve portfolio management purposes, but also to generate liquidity and function as an instrument for short-term financing systems.

Lending and credit as the next chapter

A key factor of the collaboration is the use of the XRP Ledger. It enables fast, low-cost transactions while ensuring transparency and security for institutional investors. Through integration into DBS’s and Franklin Templeton’s existing infrastructure, client access is simplified and the bridge between traditional and digital financial markets is strengthened.

Especially in Asia, where regulatory clarity and digital innovation go hand in hand, this model could serve as a blueprint. The combination of stable investment instruments like money market funds with blockchain technology opens up new ways to mobilize liquidity and channel institutional capital into the digital asset world.