Singapore’s biggest bank just made a move that could shake up how institutional investors handle digital assets. DBS signed a partnership deal with Franklin Templeton and Ripple to bring tokenized money market funds to their digital exchange, and it’s looking like a pretty big deal.
Here’s what’s happening. DBS is going to list Franklin Templeton’s sgBENJI token along with Ripple’s RLUSD stablecoin on their exchange. The cool part is that investors will be able to swap between these two tokens to earn yield, even when the markets are going crazy with volatility.
The whole setup runs on the XRP Ledger, which makes sense given that Ripple is involved. What makes this interesting for institutional players is that they can now manage their digital portfolios much faster and respond to market changes without all the usual friction that comes with traditional finance.
But DBS isn’t stopping there. They’re also looking into letting people use these sgBENJI tokens as collateral to get credit through repo transactions. That’s a fancy way of saying you could borrow money against your tokenized assets, which opens up a whole new world of liquidity options.
Singapore has been pretty aggressive about becoming the go-to place for tokenized finance in Asia, and this partnership shows they’re not messing around.
Conclusion
DBS’s partnership with Franklin Templeton and Ripple marks a bold step in tokenized finance, boosting liquidity, flexibility, and institutional adoption, firmly positioning Singapore as Asia’s leading hub for digital asset innovation and growth.
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