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Ledger and Ripple Join Forces with Franklin Templeton to Revolutionize Institutional Asset Management

Ripple, in collaboration with DBS Group Holdings Ltd. and Franklin Templeton, is unveiling a pioneering tokenized asset framework designed for institutional investors.

This groundbreaking initiative aims to provide accredited investors with advanced trading and lending solutions through tokenized money market funds, utilizing the XRP ledger and Ripple USD (RLUSD).

The partnership will enable trading of the sgBENJI token, a tokenized money market fund from Franklin Templeton, against RLUSD on the DBS Digital Exchange.

By facilitating access to real-time yield and liquidity, this new framework allows DBS clients to swiftly rebalance their portfolios into stable assets.

Additionally, DBS is exploring the utilization of sgBENJI as collateral for credit acquisition, leveraging both bank and third-party lending avenues.

This collaboration positions tokenized funds as essential tools for risk management and income generation within institutional portfolios.

Franklin Templeton will enhance the tokenization infrastructure by anchoring sgBENJI on the XRP Ledger.

This integration promotes interoperability among various blockchains, providing greater accessibility for diverse participants in the blockchain ecosystem.

Ripple executives view this initiative as a significant step towards improving institutional-grade efficiency and liquidity within onchain finance.

While emphasizing the potential benefits, DBS advises investors to carefully assess their risk tolerance before engaging in crypto investments.