DBS, Franklin Templeton, and Ripple have jointly launched tokenized trading and lending services for institutional investors, based on the XRP Ledger and driven by tokenized money market funds and stablecoins.
The three parties have signed a memorandum of understanding (MOU) and announced on Thursday that they will provide investors with a way to switch funds between stablecoins and yield-generating assets to help them better cope with market volatility.
Lim Wee Kian, CEO of DBS Digital Exchange (DDEx), stated, "Digital asset investors need solutions that can meet the unique demands of a borderless, around-the-clock asset class. This collaboration demonstrates the role of tokenized securities in enhancing the efficiency and liquidity of global financial markets," he added.
DBS Digital Exchange (DDEx) will launch sgBENJI (the tokenized version of Franklin Templeton's US Dollar Short-Term Money Market Fund) and RLUSD (Ripple USD). Clients can trade between RLUSD and sgBENJI at any time, allowing for quick portfolio adjustments and earning returns during periods of market uncertainty.
In the next phase, DBS plans to allow clients to obtain credit using sgBENJI as collateral. Clients can do this either through repurchase agreements with the bank or through third-party lending platforms, with DBS acting as the collateral agent.
Franklin Templeton will issue sgBENJI on the XRP Ledger, chosen for its low fees and fast settlement.
Ripple's Nigel Khakoo described this collaboration as a "game changer for the industry," pointing out that investors can flexibly switch between stablecoins and tokenized funds within "a single trusted ecosystem," enhancing the capital efficiency, practicality, and liquidity required by institutions.
This move targets the growing demand from institutions for regulated on-chain products. According to a recent survey by Coinbase and EY-Parthenon, 87% of institutional investors expect to allocate funds to digital assets by 2025.
Cointelegraph has reached out to DBS and Franklin Templeton for comment but has not received a response as of publication.
As DBS, Franklin Templeton, and Ripple plan to launch tokenized lending services, tokenized assets continue to develop in global capital markets.
According to Cointelegraph, Japan's SBI Shinsei Bank has partnered with Singapore's Partior and Japan's DeCurret DCP to explore the application of multi-currency tokenized deposits in cross-border settlements. The three parties have signed a memorandum of understanding and plan to develop a blockchain framework to achieve real-time settlement in multiple currencies.
The goal is to build a global settlement network that operates around the clock, reducing reliance on traditional correspondent banks.
Related: Solana shows bullish signals again, with a similar historical pattern previously triggering a 1300% surge in SOL.
Original article: “DBS, Franklin Templeton, and Ripple Join Forces to Launch Tokenized Lending Business”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
