Ripple has announced a partnership with DBS and Franklin Templeton to introduce trading and lending services powered by tokenised market funds and RLUSD.
Ripple, DBS, and Franklin Templeton Join Forces
In a recent press release, Ripple announced it had partnered with DBS and Franklin Templeton to launch trading and lending using its RLUSD stablecoin and tokenised money market funds.
The collaboration was formalized through a memorandum of understanding signed in Singapore. Under the deal, DBS Digital Exchange (DDEx) will list Franklin Templeton’s tokenised money market product, sgBENJI, alongside RLUSD.
This enables accredited and institutional clients to trade between a yield-bearing token and Ripple’s stablecoin in real time. It would enable investors to easily rebalance their portfolios while earning returns during volatile market cycles.
The partnership will also explore lending solutions. DBS will help clients use sgBENJI tokens as collateral to access liquidity. Clients can access these repos and credit lines directly through the bank or through third-party platforms. The exchange would act as custodian for these pledged assets.
“Digital asset investors need solutions that can meet the unique demands of a borderless 24/7 asset class. 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.
The launch follows the firm’s push to position its stablecoin as a global settlement currency. Earlier this month, the company revealed plans to integrate RLUSD into African markets. They would be targeting financial institutions and enterprises seeking dollar-backed digital liquidity.
RLUSD Powers a New Class of Trading Solutions
Ripple’s RLUSD sits at the core of this partnership. Investors can easily switch between cash-like holdings and yield-bearing products thanks to the token. Managing volatility without yield is one of the main issues with investing in digital assets, and this solution tackles it.
Franklin Templeton has committed to issuing sgBENJI on the XRP Ledger. They cited Ledger’s high throughput, low costs, and proven reliability. The move enhances the interoperability of tokenised securities.
Nigel Khakoo, Ripple’s Global Head of Trading and Markets, shared his enthusiasm about the partnership, calling it a “game-changer.”
“Investors can also seamlessly rebalance their portfolios between a stablecoin and a yield-generating money market fund, all within a single, trusted ecosystem, unlocking real-world capital efficiency, utility, and liquidity that institutions demand.”
In other developments, VivoPower International’s EV subsidiary Tembo announced it will accept RLUSD for vehicle payments. This makes it one of the first automakers to embrace the stablecoin.
The Ripple-DBS-Franklin Templeton alliance represents a significant advance in the tokenisation of traditional assets. The partnership is set to create new pathways for institutional investors to manage risk, access liquidity, and generate yield.