2 hours ago
DBS is considering allowing holders of Franklin Templeton's wealth marketplace money to pledge their tokens arsenic collateral to get funds.
Updated Sep 18, 2025, 5:54 a.m. Published Sep 18, 2025, 5:32 a.m.
DBS, Franklin Templeton, and Ripple person signed a Memorandum of Understanding (MOU) to collaborate connected offering trading and lending solutions that leverage tokenized wealth marketplace funds connected the XRP Ledger blockchain and Ripple’s stablecoin, Ripple USD (RLUSD).
The MoU volition spot Franklin Templeton tokenize its wealth marketplace fund, Franklin on-chain U.S. dollar short-term wealth marketplace fund, connected XRP Ledger, a nationalist and enterprise-grade blockchain.
At the aforesaid time, DBS Digital Exchange (DDEx) volition database sgBENJI, the wealth marketplace money token, alongside RLUSD, enabling DBS clients to rebalance their portfolios betwixt a stablecoin and a yield-generating wealth marketplace fund. This volition assistance investors gain output adjacent during volatile periods.
Nigel Khakoo, VP and Global Head of Trading and Markets astatine Ripple, called the collaboration a crippled changer.
“2025 has been marked by a bid of industry-firsts erstwhile it comes to accepted fiscal institutions moving onchain – and the linkup betwixt Ripple, DBS and Franklin Templeton to alteration repo trades for a tokenised wealth marketplace money with a regulated, unchangeable and liquid mode of exchange, specified arsenic RLUSD, is genuinely a game-changer,” Khakoo said successful an email announcement shared with CoinDesk.
“Investors tin besides seamlessly rebalance their portfolios betwixt a stablecoin and a yield-generating wealth marketplace fund, each wrong a single, trusted ecosystem, unlocking real-world superior efficiency, inferior and liquidity that institutions demand,” Khakoo added.
Lim Wee Kian, CEO of DBS Digital Exchange, said that the collaboration is grounds of however tokenised securities tin play that relation portion injecting greater ratio and liquidity successful planetary fiscal markets.
Additionally, DBS is considering allowing holders of sgBENJI tokens to pledge their tokens arsenic collateral to get funds from the slope of third-party platforms.
The determination volition unfastened caller liquidity options for investors holding sgBENJI tokens, enabling them to leverage their integer assets to get recognition portion inactive retaining vulnerability to the underlying yield-generating wealth marketplace fund.
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