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- Ripple launches tokenized money market initiative with DBS and Franklin Templeton.
- RLUSD and XRP positioned at the core of new institutional liquidity venues.
- sgBENJI token on XRPL enables yield, collateral use, and seamless conversions.
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Ripple has unveiled a major partnership with DBS and Franklin Templeton to develop new trading and lending solutions powered by tokenized money market funds and its RLUSD stablecoin. Describing the initiative as “the next building block of on-chain markets,” Ripple aims to anchor RLUSD at the center of emerging liquidity venues for institutional investors.
The collaboration seeks to establish repo markets backed by tokenized collateral, giving institutions a streamlined way to access liquidity and earn yields through blockchain-based systems.
Introducing the next building block of onchain markets – we’re partnering with @DBSbank and @FTI_Global to establish repo markets powered by tokenized collateral and stablecoins: https://t.co/vFTL32XO8C
— Ripple (@Ripple) September 18, 2025
Investors will be able to use $RLUSD to trade for Franklin Templeton’s money…
sgBENJI Brings Yield and Collateral Utility
Through this arrangement, investors can swap RLUSD for Franklin Templeton’s tokenized money market fund, sgBENJI, which is issued on the XRP Ledger and listed on the DBS Digital Exchange. Market participants can use sgBENJI to earn yield or deploy it as collateral for credit from DBS or third-party lenders.
By serving as a bridge asset, XRP enables seamless conversions between RLUSD, sgBENJI, and other currencies. This functionality strengthens XRP’s role in institutional finance, potentially boosting its real-world transactional demand and expanding liquidity channels across the ecosystem.
Advancing Institutional Adoption on XRPL
Ripple highlighted that the XRP Ledger underpins the sgBENJI token and facilitates transactions involving RLUSD. The partnership leverages DBS’s regulated infrastructure, Franklin Templeton’s institutional expertise, and Ripple’s stablecoin technology to increase institutional access to blockchain-based investment products.
Also Read: XRP Legal Victory: Ripple Labs Wins SEC Case, Securing Crypto Regulatory Clarity
DBS described this collaboration as “a new milestone in the maturation of the digital asset ecosystem,” noting that about 87% of institutional investors expect to allocate to digital assets by 2025. The move reflects rising demand for regulated, tokenized financial products that integrate directly with existing capital markets infrastructure.
A Strategic Step Toward On-Chain Liquidity
This initiative marks one of the first large-scale efforts to combine tokenized money market funds with a stablecoin on the XRP Ledger. By embedding RLUSD and XRP into institutional liquidity flows, Ripple is positioning its technology at the core of next-generation financial markets.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
