DBS, Franklin Templeton, and Ripple have signed a Memorandum of Understanding (MOU) to collaborate on providing buying and selling and lending options that leverage tokenized cash market funds on the XRP Ledger blockchain and Ripple’s stablecoin, Ripple USD (RLUSD).
The MoU will see Franklin Templeton tokenize its cash market fund, Franklin on-chain U.S. greenback short-term cash market fund, on XRP Ledger, a public and enterprise-grade blockchain.
On the similar time, DBS Digital Change (DDEx) will listing sgBENJI, the cash market fund token, alongside RLUSD, enabling DBS shoppers to rebalance their portfolios between a stablecoin and a yield-generating cash market fund. This may assist traders earn yield even throughout risky intervals.
Nigel Khakoo, VP and World Head of Buying and selling and Markets at Ripple, known as the collaboration a recreation changer.
“2025 has been marked by a collection of industry-firsts on the subject of conventional monetary establishments shifting onchain – and the linkup between Ripple, DBS and Franklin Templeton to allow repo trades for a tokenised cash market fund with a regulated, steady and liquid mode of alternate, equivalent to RLUSD, is actually a game-changer,” Khakoo mentioned in an e mail announcement shared with CoinDesk.
“Traders can even seamlessly rebalance their portfolios between a stablecoin and a yield-generating cash market fund, all inside a single, trusted ecosystem, unlocking real-world capital effectivity, utility and liquidity that establishments demand,” Khakoo added.
Lim Wee Kian, CEO of DBS Digital Change, mentioned that the collaboration is proof of how tokenised securities can play that function whereas injecting larger effectivity and liquidity in international monetary markets.
Moreover, DBS is contemplating permitting holders of sgBENJI tokens to pledge their tokens as collateral to borrow funds from the financial institution of third-party platforms.
The transfer will open new liquidity choices for traders holding sgBENJI tokens, enabling them to leverage their digital property to acquire credit score whereas nonetheless retaining publicity to the underlying yield-generating cash market fund.
