The collaboration brings 24/7 trading capabilities, combining the RLUSD stablecoin with yield-generating tokenized money market funds.
XRP Ledger has secured a major institutional partnership as Singapore's DBS Bank teams up with Ripple and Franklin Templeton for tokenized trading solutions. The collaboration introduces 24/7 trading capabilities combining the Ripple USD (RLUSD) stablecoin with yield-generating tokenized money market funds.
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Future phases will allow clients using sgBENJI as collateral for credit access through repurchase agreements. DBS plans to act as collateral agent for third-party lending platforms, expanding utility for institutional participants seeking capital efficiency.
RLUSD continues gaining traction, with a $729.78 million market cap, ranking eighth among major stablecoins. The token increased approximately $60 million over 30 days, reflecting Ripple's steady expansion strategy across key global markets.
RLUSD's market cap over time. Source: CoinMarketCap
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