How Ripple, DBS & Franklin Templeton Are Tokenizing Finance (And Making Us All Jealous)

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Ah, Ripple, darling of the digital age, has now cozied up with none other than DBS Bank and Franklin Templeton-because why just shake hands when you can tokenize everything? Together, they’re launching repo markets brimming with tokenized collateral and stablecoins, proving once and for all that blockchain is less of a fad and more of a financial soap opera we can’t stop watching. 🍸

They’ve inked a memorandum of understanding (MoU)-yes, that delightful legal euphemism for “we’re buddies now”-to roll out trading and lending products that swagger on the XRP Ledger, featuring Ripple’s pride and joy stablecoin, Ripple USD (RLUSD). Hold onto your monocles!

XRP Ledger Gains Institutional Edge

In a plot twist worthy of Noël’s wittiest quip, DBS Digital Exchange (DDEx) will list sgBENJI, Franklin Templeton’s Onchain US Dollar Short-Term Money Market Fund token, beside RLUSD. This means accredited and institutional clients can cavort between these tokens, enjoying the dizzying thrill of 24/7 portfolio rebalancing and generating yield even when the markets throw tantrums. How very civilized. 🎩

Because, heavens, investors have been stuck playing with Bitcoin, Ether, and XRP like children with shiny toys-without the proper yield-generating candy store. This collaboration remedies that slight oversight.

Next on the agenda: enabling repo transactions where sgBENJI tokens become the collateral darlings, unlocking liquidity faster than a plot twist in a Noël Coward play. Investors can now secure credit via repurchase agreements directly with DBS or through third-party platforms, with DBS moonlighting as the trusted agent safeguarding said collateral. Trust is everything, dear reader.

This charming contraption expands liquidity options while maintaining the decorum of institutional safeguards-a ballet where assets dance without losing their dignity. Franklin Templeton will further grace the XRP Ledger by tokenizing sgBENJI and layering it atop its already impressive blockchain repertoire. Bravo!

Institutional interest is soaring faster than a champagne glass at a fancy soirée, with a staggering 87% of investors pledging to toss capital into this brave new world by 2025. One can only hope their champagne flutes remain full.

In words dripping with gravitas, Ripple’s VP and Global Head of Trading and Markets, Nigel Khakoo, pronounced,

“2025 has been marked by a series of industry-firsts when it comes to traditional financial institutions moving onchain – and the linkup between Ripple, DBS and Franklin Templeton to enable repo trades for a tokenised money market fund with a regulated, stable and liquid mode of exchange such as RLUSD is truly a game-change.”

Ripple-BBVA

And just when you thought the party was over, Ripple waltzed into Spain with banking titan BBVA less than a fortnight ago, sealing a custody deal ahead of Europe’s Market in Crypto-Assets (MiCA) debut. This union permits BBVA Spain to play the crypto game with Ripple Custody as their trusty croupier.

Our dear Ripple’s ties with BBVA only grow stronger, having already wooed Swiss and Turkish markets. One can only imagine the soirée invitations piling up.

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2025-09-18 11:20