Coinspeaker

Sep 18, 2025

3 0

DBS, Franklin Templeton, Ripple Partner for Tokenized Asset Trading on XRP Ledger

Singapore's DBS Group has teamed up with Franklin Templeton and Ripple to facilitate institutional trading and lending for tokenized assets on the XRP Ledger. The partnership, announced on Sept. 18, will list Franklin Templeton’s sgBENJI money market fund token and Ripple’s RLUSD stablecoin on the DBS Digital Exchange.

• The initiative aims to boost market efficiency and liquidity by allowing accredited investors to swap between tokenized assets and earn yields.
• DBS is also considering using the sgBENJI token as credit collateral.

RWA Market Growth

• The Real-World Assets (RWA) market has grown significantly, reaching a total on-chain value of over $30.2 billion, marking a nearly 10% increase in 30 days.
• Ethereum and Polygon networks contribute significantly to this growth, holding $9.1 billion and $1.1 billion in RWA value respectively.

Franklin Templeton's presence in the sector is notable, with its BENJI tokenized fund holding over $736 million in assets. Recently, Franklin Templeton also collaborated with Binance to develop new digital assets.

DBS and Ripple are expanding their digital asset strategies. DBS launched tokenized structured notes on the Ethereum network in August, and Ripple has introduced a new stablecoin, following a $25 million donation to support small businesses.