Ripple has partnered with DBS Bank and Franklin Templeton to launch tokenized repo markets powered by stablecoins and tokenized collateral—marking a major push for institutional adoption of blockchain finance.
Under a new memorandum of understanding (MoU), DBS Digital Exchange (DDEx) will list Franklin Templeton’s sgBENJI token—representing its Onchain U.S. Dollar Short-Term Money Market Fund—alongside Ripple’s upcoming stablecoin, Ripple USD (RLUSD). Accredited and institutional clients will be able to trade between RLUSD and sgBENJI, enabling 24/7 portfolio rebalancing into stable assets while earning yield during market volatility.
In a planned second phase, sgBENJI tokens will be usable as collateral for repo transactions, letting clients unlock liquidity through repurchase agreements with DBS or third-party platforms. DBS will act as a trusted agent safeguarding pledged collateral.
Franklin Templeton also intends to tokenize sgBENJI on the XRP Ledger to boost interoperability. Ripple noted that 87% of institutional investors expect to enter the digital asset market in 2025.
“This partnership is a game-changer,” said Nigel Khakoo, Ripple’s VP and Global Head of Trading and Markets.
Image Credit: Pixabay
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