DBS and Franklin Templeton Roll Out RLUSD-Powered Tokenised Lending

Highlights:

• DBS and Franklin Templeton have rolled out a new RLUSD-powered tokenised lending.
• The partnership will utilise the expertise of DBS, Franklin Templeton, and Ripple to drive digital assets market liquidity and security.
• As part of their agreement, DBS Digital Exchange will list Franklin Templeton’s sgBENJI and Ripple’s RLUSD.

DBS, Franklin Templeton, and Ripple have partnered to introduce new trading and lending options via tokenised market funds and stablecoins. The tripartite partnership announced in a September 18 press release noted that these three firms sealed the collaboration through a Memorandum of Understanding (MoU).

Advertisement

The partnership will benefit from DBS’s global reach, Franklin Templeton’s investment management expertise, and Ripple’s blockchain capabilities. Together, these entities aim to boost the efficiency, liquidity, and security of the digital assets market.

According to the press release, the interest of institutional investors and retailers in digital assets has soared considerably, with research indicating that 87% of investors plan to allocate more funds to crypto in 2025. The collaboration aims to meet these rising demands with the introduction of its new institutional-grade products backed by tokenisation technology.

🚨 BREAKING: Ripple, Franklin Templeton and DBS join forces to roll out lending and trading platforms, powered by tokenized money market funds and the $RLUSD stablecoin.

Traditional finance is officially merging with blockchain. 🌐 pic.twitter.com/gKeHHspJs6

— John Squire (@TheCryptoSquire) September 18, 2025

Details of the New Trading and Lending Solutions

The partnership will eliminate traditional methods of holding cryptocurrencies directly, as they are associated with increased volatility and low yields. To solve this problem, DBS Digital Exchange (DDEx) will list sgBENJI and RLUSD. For context, sgBENJI is the tokenised version of Franklin Templeton’s on-chain US dollar short-term money market funds, while RLUSD is Rippe’s stablecoin.

Listing these tokens implies that DBS customers will easily trade RLUSD for sgBENJI, even outside the market trading window. This will help them rebalance their portfolios into a more stable and yield-earning asset class. DBS also plans to add sgBENJI as a collateral option for clients holding the tokens. This allows them to access credit directly via repurchase transactions or loans from third-party lenders, with DBS acting as the custodian of the pledged collateral.

The Role of XRP Ledger in DBS and Franklin Templeton’s New Tokenisation Initiative

Franklin Templeton will issue its sgBENJI tokens on the XRP Ledger (XRPL) to expand its Multi-Chain strategy by enabling more efficient communication across different blockchains. The asset manager aims to capitalise on the XRPL speed, low-latency transactions, cost-effectiveness, and the ability to handle high-volume transactions. Meanwhile, while the new initiative promises sustainable reward potential, DBS warned that it has inherent risks, which investors should critically analyse before investing in the product.

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

Investors will be able to use $RLUSD to trade for Franklin Templeton’s money…

— Ripple (@Ripple) September 18, 2025

Top Executives React as DBS and Franklin Templeton Launch New Tokenised Lending

Lim Wee Kian, DBS’s Digital Exchange CEO, emphasised the significance of meeting investors’ demand for a borderless 24/7 asset class. He believes that tokenisation can help achieve this goal with higher efficiency and liquidity for the global market.

The CEO stated:

“Having been active in Asia’s blockchain ecosystem since 2021, this initiative strengthens our leadership position and represents a new front in DBS’ mission to provide our clients with trusted, institutional-grade solutions to build their crypto portfolios.”

Roger Bayston, the Head of Digital Assets at Franklin Templeton, also spoke on the partnership. He expressed excitement about the move, adding that it will reshape the global financial ecosystem.

Bayston stated:

“This collaboration represents a meaningful advancement in the utility of tokenised securities and a significant step in the growth of Asia’s digital asset ecosystem.”

 Nigel Khakoo, Ripple’s Global Head of Trading and Markets, described the partnership as a game-changer that will unlock real-world capital efficiency, boosting utility and liquidity that are in high demand among institutional investors.

Advertisement