Ripple Expands XRPL Adoption with $1.5T Franklin Templeton and DBS Bank

Ripple has announced a strategic partnership with global asset manager Franklin Templeton and Singapore’s largest bank, DBS, to create repo markets on blockchain ￰0￱ initiative will combine stablecoins and tokenized collateral to improve efficiency and liquidity in financial ￰1￱ part of the deal, Franklin Templeton’s sgBENJI token , which represents shares in a tokenized ￰2￱ short-term money market fund, will be listed on a Singaporean ￰3￱ will be able to exchange it instantly for Ripple’s RLUSD stablecoin , also listed on the ￰4￱ setup gives market participants the option to quickly switch from volatile assets into a safer, yield-generating product during turbulent ￰5￱ next step of the collaboration will allow sgBENJI tokens to be used as collateral for short-term credit , provided by DBS or other ￰6￱ mirrors how traditional repo markets operate, where ￰7￱ are commonly used to secure loans and unlock more ￰8￱ Templeton will issue sgBENJI tokens on the XRP Ledger (XRPL) and several other ￰9￱ emphasizes that XRPL is well-suited for handling large-scale tokenized money market ￰10￱ the same time, RLUSD will act as the base trading currency for sgBENJI, with its market cap nearing $730 million.

Ripple’s Nigel Khakoo described enabling repo trades with tokenized funds and stablecoins as a potential “game changer” for financial markets, signaling broader adoption of blockchain in institutional finance.