Ripple Teams Up With DBS Bank And Franklin Templeton To Revolutionize Tokenized Fund Trading

Wall Street's about to get a crypto-powered wake-up call.

Ripple just locked arms with banking giant DBS and asset management titan Franklin Templeton—forging a powerhouse alliance set to transform how institutional investors trade tokenized funds.

Streamlining the future

This trio's combining Ripple's blockchain tech with DBS's banking infrastructure and Franklin Templeton's $1.5 trillion asset management muscle. They're building a seamless pipeline for tokenized fund transactions that cuts settlement times from days to seconds.

Because apparently traditional finance still moves at dial-up speeds in a fiber-optic world.

The partnership signals that major institutions aren't just dipping toes in crypto waters—they're building bridges across them. Tokenization's no longer theoretical; it's happening now, with real assets and real volume.

Watch traditional fund administrators scramble to keep up as this alliance proves that blockchain doesn't just enable new financial products—it makes existing ones radically more efficient.

Another day, another step toward making legacy finance look like it's still using abacuses.

What to Know:

• DBS will list Franklin Templeton's sgBENJI token and Ripple's RLUSD stablecoin on its digital exchange platform
• Eligible investors can swap between the two tokens and generate yield through the new trading system
• The bank plans to explore using sgBENJI tokens as collateral for credit transactions and lending services

Digital Asset Integration Expands Banking Services

DBS Digital Exchange will host Franklin Templeton's sgBENJI token, which represents units of the asset manager's tokenized U.S. dollar money market fund. The platform will simultaneously feature Ripple's RLUSD stablecoin. This dual listing creates opportunities for qualified investors to execute swaps between the assets while earning returns on their investments.

The partnership reflects Singapore's position as a regional hub for digital asset innovation. DBS has positioned itself at the forefront of traditional banking's evolution into blockchain-based services. Franklin Templeton brings substantial expertise in fund management to the arrangement.

"This partnership demonstrates how tokenised securities can play that role while injecting greater efficiency and liquidity in global financial markets," said Lim Wee Kian, CEO of DBS Digital Exchange. The executive emphasized the potential for improved market dynamics through blockchain technology integration.

Collateral And Credit Applications Under Development

DBS outlined plans to expand the sgBENJI token's utility beyond simple trading functions. The bank intends to examine opportunities for clients to pledge these tokens as collateral for credit facilities. Two potential structures emerged from the announcement.

The first option involves bank-operated repurchase agreements where DBS WOULD manage the transaction directly. The second approach utilizes third-party platforms with DBS serving as the collateral custodian. Both methods would allow token holders to access credit while maintaining their digital asset positions.

Franklin Templeton will generate the sgBENJI tokens using the XRP Ledger blockchain infrastructure.

This technical foundation provides the operational backbone for the tokenized fund's existence and trading capabilities. The XRP Ledger's architecture supports the specific requirements of institutional-grade financial instruments.

The collaboration encompasses multiple aspects of modern digital finance. Tokenization refers to the process of converting traditional financial instruments into blockchain-based representations that can be traded and transferred electronically. Money market funds typically invest in short-term, high-quality debt securities and provide liquidity to investors. Stablecoins maintain relatively stable values, often pegged to fiat currencies like the U.S. dollar, making them suitable for various financial applications.

Banking Evolution Continues Through Strategic Partnerships

DBS's initiative represents another step in traditional banking's adaptation to digital asset ecosystems. The partnership combines established financial services with emerging blockchain technologies to create new investment opportunities for qualified participants. This approach allows institutions to maintain regulatory compliance while exploring innovative financial products and services.