- DBS, Franklin Templeton, and Ripple signed an agreement to launch tokenised money market fund solutions.
- Investors can trade Ripple’s RLUSD for Franklin Templeton’s sgBENJI token on the DBS Digital Exchange.
- The partnership opens future lending opportunities where sgBENJI tokens may serve as collateral for credit.
A fresh partnership between DBS, Franklin Templeton, and Ripple is adding another layer to the growing adoption of tokenized financial products. The agreement centers around Ripple’s RLUSD stablecoin and Franklin Templeton’s sgBENJI token, which represents its tokenized U.S. dollar short-term money market fund. Together, these assets are being integrated into DBS Digital Exchange, giving institutional investors new tools to manage portfolios with more liquidity and stability.
The timing is no accident, as demand from professional investors for reliable digital asset instruments continues to rise. According to surveys, nearly nine in ten institutional players expect to make allocations into tokenised assets in 2025. That level of interest is shifting the conversation away from simple speculation in cryptocurrencies and toward more structured instruments that offer yield, protection, and the backing of established financial institutions.
Ripple RLUSD and sgBENJI Tokens Are Now Part of DBS Digital Exchange Trading Pairs
The most immediate step in the partnership is the listing of sgBENJI tokens alongside Ripple’s RLUSD on DBS Digital Exchange. With this structure, accredited and institutional clients of DBS can swap RLUSD into sgBENJI, allowing them to shift into a more stable position while still collecting yield on funds that might otherwise sit idle during volatile periods. That kind of flexibility has long been missing in digital markets, where investors usually face either high volatility or stagnation with little middle ground.
Unlike typical exposure to Bitcoin, Ether, or Ripple, which carry unpredictable swings, sgBENJI offers investors a token tied to short-term money markets. Combined with RLUSD, the setup allows portfolio adjustments to occur within minutes, even outside of traditional banking hours. The ability to rebalance 24/7 has been described as a game-changer for firms managing large positions in a market that rarely sleeps. By offering stability without cutting off yield, the arrangement strengthens the value proposition of holding tokenized assets through regulated channels.
Use of sgBENJI as Collateral Could Reshape Liquidity Access for Digital Asset Investors
Beyond trading pairs, the second stage of this collaboration could prove even more significant. DBS is studying how sgBENJI tokens might serve as collateral for credit, either through traditional repurchase transactions with the bank itself or via third-party platforms where DBS acts as custodian of pledged assets. That means investors holding sgBENJI could borrow against their positions without liquidating them, gaining access to wider liquidity pools while preserving portfolio exposure.
This development highlights a shift in digital finance, where tokenized instruments are beginning to replicate the role of long-standing securities in traditional markets. By using tokenized funds as collateral, the model not only strengthens confidence for borrowers but also offers lenders peace of mind that their claims are secured through an established institution like DBS. If scaled, such practices could draw more conservative players into digital markets, bridging the gap between crypto-native firms and traditional finance.
A Milestone for Tokenisation in Asia and Beyond
The collaboration between DBS, Franklin Templeton, and Ripple carries symbolic weight in addition to practical benefits. It signals that the conversation around digital assets is maturing, moving past speculation into structured products designed for professional investors. By bringing together one of Asia’s biggest banks, a major global fund manager, and a blockchain leader, the project highlights how traditional finance and digital innovation are converging in meaningful ways.
Lim Wee Kian, CEO of DBS Digital Exchange, summed up the partnership by stressing that investors in a 24/7 market need solutions that provide both flexibility and trust. With the inclusion of tokenized funds and collateralized lending, DBS aims to give clients an institutional-grade approach that matches the pace of digital markets while upholding regulatory standards. That sentiment echoes a broader trend: as digital asset infrastructure grows stronger, institutional participation is no longer a distant promise but an unfolding reality.
Earlier this week, XRP liquidations soared by 710%, with data from CoinGlass reporting $11.84 million in XRP positions closed in just 24 hours. The same data also showed that $10.37 million of the losses stemmed from long positions compared to $1.46 million from shorts.
