Ripple Partners with DBS and Franklin Templeton to Advance Tokenized Finance in Singapore: Reuters

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Ripple is moving deeper into institutional finance after Singaporeâ€™s largest bank, DBS Group, announced a new partnership with U.S. asset manager Franklin Templeton and the blockchain firm, according to a report by Reuters.

The collaboration will introduce trading and lending services for accredited and institutional investors using tokenized money market funds and Rippleâ€™s U.S. dollar stablecoin, according to a Reuters report.

Introducing the next building block of onchain markets â€“ weâ€™re partnering with @DBSbank and @FTI_Global to establish repo markets powered by tokenized collateral and stablecoins: https://t.co/vFTL32XO8C

Investors will be able to use $RLUSD to trade for Franklin Templetonâ€™s moneyâ€¦

— Ripple (@Ripple) September 18, 2025

Tokenized Funds Meet Stablecoins

Under the agreement, DBS will list Franklin Templetonâ€™s sgBENJI tokenâ€”a unit of the asset managerâ€™s tokenized U.S. dollar money market fundâ€”on its DBS Digital Exchange. Alongside this listing, Rippleâ€™s RLUSD stablecoin will also be available. The token is currently ranked as the 8th-largest stablecoin by market cap.

Top stablecoins by market cap (Source: CoinMarketCap)

The setup will enable eligible investors to swap between the two assets and earn yield, offering a new layer of efficiency to digital finance.

â€œThis partnership demonstrates how tokenised securities can play that role while injecting greater efficiency and liquidity in global financial markets,â€ said Lim Wee Kian, CEO of DBS Digital Exchange, in a statement.

Collateral and Credit Opportunities

DBS also revealed plans to allow clients to use sgBENJI tokens as collateral for credit. This could be done either via bank-run repurchase transactions or through third-party platforms, with DBS acting as the agent holding the pledged collateral.

The initiative highlights Singaporeâ€™s ambition to remain at the forefront of financial innovation while expanding the utility of tokenized assets.

Rippleâ€™s Role and Blockchain Backbone

Franklin Templeton will issue the sgBENJI tokens on Rippleâ€™s XRP Ledger, giving the blockchain firm a central role in the projectâ€™s infrastructure. The move reinforces Rippleâ€™s positioning as a key player in the evolution of tokenized finance, bridging the gap between traditional assets and blockchain-native systems.

By integrating the RLUSD stablecoin with a tokenized money market fund, the partnership aims to demonstrate real-world use cases for blockchain in regulated markets.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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