On September 18, 2025, Ripple announced a collaboration with DBS Bank and Franklin Templeton to launch trading and lending solutions for accredited and institutional investors in Singapore, leveraging Ripple’s RLUSD stablecoin and tokenized money market funds on the XRP Ledger, per. The partnership, formalized via a memorandum of understanding (MOU), enables seamless swaps between RLUSD and Franklin Templeton’s sgBENJI token (a tokenized U.S. Dollar Short-Term Money Market Fund), allowing investors to earn yield and rebalance portfolios 24/7, per. DBS Digital Exchange (DDEx) will list sgBENJI alongside RLUSD, with plans to use sgBENJI as collateral for credit via repurchase agreements (repos) or third-party platforms, per.
The initiative addresses key institutional needs for liquidity, yield, and efficiency in volatile markets, per. Franklin Templeton will issue sgBENJI on the XRP Ledger for its low fees and high-speed settlement, supporting real-time trading and lending, per. Nigel Khakoo, Ripple’s VP and Global Head of Trading and Markets, called it a “game-changer” for on-chain traditional finance in 2025, enabling repo trades with regulated stablecoins, per. Lim Wee Kian, CEO of DDEx, emphasized tokenized securities’ role in boosting global financial liquidity, per.
This marks one of the largest efforts to merge traditional money market funds with blockchain, per. RLUSD, launched in December 2024, has grown to a $730M market cap, per. The partnership aligns with 87% of institutional investors planning digital asset allocations by 2025, per. XRP Ledger’s integration enhances interoperability across 37 blockchains, per. X posts from @stedas highlight the move’s potential to drive institutional RLUSD adoption, per [post:7]. While BTC ($113,234) and ETH ($4,070) remain stable, per CoinMarketCap, this could boost XRP ($2.29) liquidity, per.
The collaboration could expand to cross-chain capabilities and DAO integration, per. Investors should track RLUSD flows on CryptoQuant and XRP Ledger metrics via xrpl.org. XRP support at $2.20; set stop-losses there, or diversify into USDC, per TradingView. Follow @TheBlock__ on X for updates. This partnership signals accelerating tokenization in Asia, potentially reaching $30B in tokenized RWAs by 2026, per.
