Well, butter my biscuit and call me impressed! Ripple has finally decided to stop playing small ball and has swung for the fences with a partnership that’s got more clout than a Kardashian at a red carpet event. Singapore’s DBS Bank and U.S. asset manager Franklin Templeton have teamed up with Ripple, and no, they’re not just here to swap recipes for stablecoin stew. They’re linking Ripple’s RLUSD stablecoin with tokenised money market funds, which is basically financial jargon for “making rich people even richer, but faster.” 🤑
DBS Digital Exchange is now listing Franklin Templeton’s sgBENJI token alongside RLUSD, which means accredited investors can hop between a stablecoin and a money market fund quicker than you can say “blockchain.” It’s like a financial teleportation device, but without the risk of leaving your limbs behind. Liquidity? Check. Returns? Check. Traditional banking channels? Nah, we’re too cool for that now. 🚀
And hold onto your hats, because DBS isn’t stopping there. In the second act of this financial opera, they plan to let investors use sgBENJI tokens as collateral. That’s right, folks-tokenised funds are no longer just for trading; they’re now moonlighting as loan officers. Repo agreements? Lending platforms? Bring it on! 💼
The XRP Ledger: Because Who Needs Slow When You Can Have Fast?
Franklin Templeton, not one to miss a good party, is expanding sgBENJI tokenisation onto the XRP Ledger. Why? Because it’s faster than a New York minute and cheaper than a dollar store. The XRP Ledger is like the Usain Bolt of blockchains-efficient, reliable, and probably sweating a little less than Ethereum. 🏃♂️💨
Nigel Khakoo, Ripple’s VP and Global Head of Trading and Markets (yes, that’s a real title), chimed in to say this move is all about “capital efficiency and utility that institutions demand.” Translation: It’s a big deal, and it’s going to make a lot of suits very happy. Suit up, folks-finance just got fancy. 🎩
This partnership marks one of the first times RLUSD has been used in connection with global financial products. It’s like Ripple just got invited to the adult table at the financial dinner party, and they’re not leaving anytime soon. Stablecoins and tokenised funds? Together at last, like peanut butter and jelly, but with more zeros at the end. For Ripple, this puts RLUSD front and center in a model that’s blending liquidity, credit, and tokenisation like a financial smoothie. Blend on, my friends, blend on. 🥤
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2025-09-18 08:17