Market News

Ripple and Franklin Templeton Join Forces with DBS to Revolutionize Stablecoin Trading

Ripple, in collaboration with DBS Bank and Franklin Templeton, has launched an innovative stablecoin trading and lending platform.

This initiative features the listing of Franklin Templeton's sgBENJI, a tokenized U.S. dollar money market fund, alongside Ripple’s RLUSD stablecoin on the DBS Digital Exchange.

Accredited and institutional investors will now have access to enhanced trading and lending services powered by tokenized assets.

By merging expertise in banking, asset management, and blockchain, the partnership aims to expand the landscape of tokenized finance.

Investors can now seamlessly trade between cash and yield-bearing financial products, maintaining liquidity while earning returns.

The integration of sgBENJI tokens as potential collateral in future developments will further broaden access to credit for investors.

The sgBENJI tokenization will also be expanded onto the XRP Ledger, which offers rapid settlement and low transaction costs.

Ripple’s Vice President underscored that this collaboration boosts liquidity and capital efficiency for institutional investors.

As RLUSD continues to gain traction, it exemplifies the transformative potential of stablecoins within institutional finance.

This partnership marks a significant step toward the wider adoption of digital assets in mainstream financial markets.