Ripple Launches Tokenised Trading with DBS

Ripple, DBS, and Franklin Templeton Launch Tokenised Trading Solutions

• Ripple, DBS, and Franklin Templeton are collaborating to offer tokenised trading and lending solutions on the XRP Ledger blockchain.
• The initiative includes trading Franklin Templeton’s sgBENJI token on the DBS Digital Exchange using Ripple’s RLUSD stablecoin.
• DBS plans to allow clients to use sgBENJI tokens as collateral for credit via bank repos or third-party platforms.
• The partnership aims to merge traditional money market funds with blockchain technology for institutional investors.
• Franklin Templeton will tokenize sgBENJI on the XRP Ledger due to its speed and low transaction costs.
• Ripple’s RLUSD stablecoin has achieved a market capitalization of nearly $730 million as of September 17.

Ripple, DBS, and Franklin Templeton are advancing digital asset solutions by integrating traditional finance with blockchain through tokenised products like the sgBENJI token and RLUSD stablecoin. This collaboration highlights growing institutional interest in digital assets.