DBS & Ripple Launch Tokenized Trading Solutions

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DBS Bank, Southeast Asia’s largest bank, has partnered with Franklin Templeton and Ripple to bring tokenized money market fund (MMF) trading and lending to the market.

Investors can now purchase sgBENJI tokens — representing Franklin Templeton’s MMF — on DBS Digital Exchange using Ripple’s RLUSD stablecoin. Franklin Templeton will also tokenize sgBENJI on the XRP Ledger, Ripple’s enterprise-grade blockchain.

“2025 has been marked by industry-firsts as traditional financial institutions go onchain. The collaboration between Ripple, DBS, and Franklin Templeton to enable repo trades for tokenized MMFs with RLUSD is a game-changer,” said Nigel Khakoo, VP and Global Head of Trading and Markets at Ripple.

This marks another step toward integrating digital assets into mainstream finance.