DBS, Franklin Templeton, and Ripple have announced a partnership to offer accredited and institutional investors innovative trading and lending solutions. This initiative, powered by tokenised money market funds and Ripple’s RLUSD stablecoin, aims to enhance portfolio management for digital asset investors. The collaboration was formalised with a memorandum of understanding signed on 18 September 2025.
The partnership allows DBS Digital Exchange clients to trade RLUSD for sgBENJI tokens, Franklin Templeton’s tokenised money market fund. This enables investors to rebalance their portfolios into a stable asset whilst earning yield, even during volatile market conditions. Additionally, DBS plans to explore using sgBENJI tokens as collateral for obtaining credit, either through the bank or third-party platforms.
Franklin Templeton will tokenise sgBENJI on the XRP Ledger, a blockchain known for its speed and low transaction costs. This move aims to strengthen the tokenisation ecosystem by enhancing interoperability across different blockchain networks. Lim Wee Kian, CEO of DBS Digital Exchange, stated, “This partnership demonstrates how tokenised securities can inject greater efficiency and liquidity in global financial markets.”
Roger Bayston, Head of Digital Assets at Franklin Templeton, expressed excitement about the collaboration, highlighting its potential to reshape the global financial ecosystem. Nigel Khakoo, VP at Ripple, described the initiative as a “game-changer” for enabling repo trades with a regulated, stable mode of exchange.
Investors are advised to assess their risk appetite and financial situation before engaging in cryptocurrency trading.
