DBS, Franklin Templeton and Ripple have signed an Agreement Memorandum (Mou) To collaborate on offering trade and lending solutions that utilize tokenized money market funds on XRP Ledger Blockchain and Ripple’s StableCoin, Ripple USD (Rlusd).
Mou will see Franklin Templeton Tokenize his money market fund, Franklin On-Chain US Dollar Short-Term Money Market Fund, on XRP Ledger, a Public and Enterprise-Class Blockchain.
At the same time DBS Digital Exchange (DDEX) Will list SGBenji, the Money Market Fund Token, together with RLUSD, enabling DBS clients to rebalans their portfolios between a stablecoin and a dividend-generating money market fund. This will help investors earn the yield, even during unstable periods.
Nigel Khakoo, VP and Global Head of Trade and Markets at Ripple, the collaboration called a game change.
“2025 has been characterized by a number of industry fry when it comes to traditional financial institutions moving onchain and interconnection between Ripple, DBS and Franklin Templeton to enable Repo-Dealer for a tokenized money market fund with a regulated, stable and fluid method of exchange, such as
“Investors can also seamlessly rebalans their portfolios between a stableecoin and a dividend -generating money market fund, all within a simple, trusted ecosystem that unlocks the real world capital efficiency, utility and liquidity that the institutions require,” Khakoo added.
Lim Wee Kian, CEO of DBS Digital Exchange, said the collaboration is proof of how tokenized securities can play this role, while injecting greater efficiency and liquidity in the global financial markets.
In addition, DBS is considering giving holders of SGBenji-token’s ability to lift their tokens as security to borrow funds from the Bank of ThirdParty platforms.
The move opens new liquidity options for investors holding SGBenji-tokens, enabling them to exploit their digital assets to obtain credit while still retaining the exposure to the underlying dividend-generating money market fund.
