Catenaa, Monday, September 20, 2025- DBS Bank has teamed up with Franklin Templeton and Ripple to launch trading and lending solutions using tokenized money market funds and the RLUSD stablecoin.
Through DBS Digital Exchange (DDEx), eligible institutional clients can trade sgBENJI, a token representing the Franklin Onchain U.S. Dollar Short-Term Money Market Fund, for RLUSD.
The fund will be tokenized on the XRP Ledger, chosen for its speed and low transaction costs.
DBS said the initiative aims to provide digital asset investors with efficient, borderless, 24/7 solutions. Lim Wee Kian, CEO of DDEx, highlighted the potential for tokenized securities to increase liquidity and streamline operations in global markets.
The partnership will also explore allowing clients to use sgBENJI holdings as collateral for credit, potentially through repurchase agreements with DBS or third-party lenders, with DBS acting as collateral agent.
Active in blockchain since 2021, DBS has increasingly integrated digital assets into its offerings. Last month, the bank announced plans to tokenize structured notes on Ethereum for eligible clients, reflecting a broader push to combine traditional finance with blockchain innovation.
