🚨 DBS BANK TO OFFER FRANKLIN TEMPLETON TOKENIZED MMF AS LOAN COLLATERAL ON XRPL 🚨
DBS Bank, in partnership with Franklin Templeton and Ripple, will enable clients to use tokenized units of Franklin Templeton’s U.S. Dollar Short-Term Money Market Fund (sgBENJI), issued on the XRP Ledger, as collateral for loans. This initiative brings regulated 24/7 trading, lending, and portfolio rebalancing directly to the XRPL ecosystem.
🔑 Key Points
🔹 sgBENJI Tokenization: Franklin Templeton is minting its money market fund as sgBENJI on the XRP Ledger, giving institutional and accredited investors a blockchain-native, yield-bearing cash equivalent.
🔹 Collateral and Liquidity: DBS Digital Exchange (DDEx) will list sgBENJI alongside Ripple USD (RLUSD). Clients can pledge sgBENJI tokens as collateral for loans, either directly from DBS or through third-party platforms, with DBS acting as collateral agent.
🔹 Strategic Partnership: This collaboration demonstrates the growing convergence of tokenized real-world assets, stablecoins, and bank-grade DeFi, leveraging XRPL’s speed, compliance tools, and liquidity.
🔹 Institutional Adoption: The move is a milestone for institutional use of blockchain—unlocking portfolio balancing, instant credit, and efficient capital management, even in volatile markets.
💡 Why It Matters
-
24/7 Access: Investors gain always-on access to borrow or rebalance via tokenized funds on XRPL, streamlining digital asset portfolio management.
-
Capital Efficiency: Real-time, on-chain collateralization and lending unlock new liquidity options and demonstrate the practical future of tokenized finance with real-world yield products.
-
Ecosystem Validation: This signals growing regulatory and institutional confidence in XRPL as an infrastructure for tokenized assets and lending.
The initiative demonstrates how regulated institutions and blockchain can merge to expand access, boost liquidity, and drive innovation in digital asset finance.
https://www.coindesk.com/business/2025/09/18/ripple-franklin-templeton-and-dbs-to-offer-token-lending-and-trading