A major partnership has been announced between DBS Bank, Franklin Templeton, and Ripple, aimed at creating new trading and lending opportunities powered by tokenised money market funds and Ripple’s RLUSD stablecoin on the XRP Ledger.
The agreement, formalised through a memorandum of understanding, unites three heavyweights: DBS, one of Asia’s largest banks; Franklin Templeton, a global asset manager; and Ripple, a leader in blockchain infrastructure. Their collaboration signals the growing convergence of traditional finance and tokenised digital assets, with 87% of institutional investors expected to allocate into crypto in 2025.
Under the initiative, accredited and institutional investors on the DBS Digital Exchange (DDEx) will be able to acquire Franklin Templeton’s sgBENJI token, representing shares of its tokenised U.S. dollar short-term money market fund, by trading with Ripple’s RLUSD stablecoin.
This provides investors with a way to hedge against volatility in crypto markets while earning yield on relatively stable assets. Transactions can be executed 24/7 within minutes, offering a level of liquidity and efficiency that traditional markets often lack.
In the second phase of development, DBS will explore allowing investors to use sgBENJI tokens as collateral for credit, either directly through the bank or via third-party platforms where DBS would act as custodian. This would unlock access to broader liquidity pools while ensuring that collateral remains secure under the oversight of a regulated financial institution.
Franklin Templeton will also expand the reach of sgBENJI by tokenising it on the XRP Ledger, adding to its existing blockchain infrastructure. The XRP Ledger was selected for its high speed, efficiency, and low costs, making it suitable for managing tokenised assets that demand fast settlement and high volume throughput.
By leveraging Ripple’s blockchain ecosystem, this move enhances interoperability across networks and strengthens the foundation for wider adoption of tokenised securities.
Source
A new partnership between DBS, Franklin Templeton, and Ripple is set to advance tokenized finance.
Saudi Arabia’s push to modernize its banking sector has taken another leap forward.
The London Stock Exchange Group (LSEG) has officially launched a blockchain-based platform, marking a significant step in the exchange operator’s entry into digital assets.
Monero (XMR), one of the leading privacy-focused cryptocurrencies, recently went through a significant network disruption.
A new partnership between DBS, Franklin Templeton, and Ripple is set to advance tokenized finance.
Digital Currency Group (DCG) has taken legal action against its own subsidiary, Genesis Global Capital, seeking repayment of more than $105 million plus interest in connection with a controversial $1.1 billion promissory note.
If you're looking for ways to increase your passive income, cloud mining is an interesting way to do it.
The Terra Luna Classic community is considering a substantial increase in the burn tax, potentially raising it from 0.5% to 1.5%.
Amidst recent turbulence in the crypto market, the spotlight is firmly on the SAB 121 Bill, an initiative by the SEC aimed at increasing transparency and regulatory oversight within the cryptocurrency sector.
The idea of applying blockchain to gold reserves has gained attention, with proponents arguing it could improve oversight.
The classification of XRP as a security continues to stir debate within the crypto community, even after a clear ruling from the court.
As discussions around a U.S. government-backed digital asset reserve continue, XRP has emerged as a potential candidate alongside Bitcoin (BTC).
Now that 2025 has begun, the crypto market is full of new opportunities that can turn investments into profits.
In a recent shocking development, it was reported that Jason Anderson, co-founder of the cryptocurrency company Debt Box, was kidnapped and over $400 million was stolen.
Several dormant Bitcoin wallets, untouched for over a decade, have recently shown unexpected activity, resulting in massive profits for their owners.
SingularityNET, a decentralized AI platform, has teamed up with the Mina Foundation, the organization behind the privacy-centric Mina Protocol, to advance the development of decentralized artificial general intelligence (AGI) while prioritizing privacy through zero-knowledge (ZK) technology.
On July 24, 2024, MonoSwap, a decentralized exchange and staking platform, revealed it had been hacked and advised users to withdraw their funds and avoid adding more.
Decentralized exchanges (DEX) achieved a record market share of 14.22%, surpassing Centralized Exchanges (CEX) in monthly trading volume, thanks to Uniswap.
The crypto lending landscape is undergoing a quiet transformation. While centralized giants like Tether continue to dominate headlines, the real momentum is building elsewhere—in decentralized finance.
Phaver, once a promising player in the decentralized social media space, has unexpectedly shut down following a catastrophic drop in its native token's value.
CryptoQuant, a prominent market research firm, has observed a notable decline in the supply of short-term holders (STH) of Bitcoin (BTC), which may hinder the cryptocurrency's potential price surge.
A significant shift in cryptocurrency market dynamics has emerged, according to a recent report.
Most people miss the next big blockchain opportunities because they’re stuck paying high fees and navigating complex platforms.
A new breed of cyberattack is gaining traction, blending social engineering with AI-generated deepfakes to target government workers and crypto leaders.
Your Email address will not be published.
News and analysis about cryptocurrencies and blockchain – Altcoins, Bitcoin, FinTech, Regulations, NFT and everything from the world of cryptocurrencies.