Franklin Templeton uses Ondo to tokenize ETFs on XRP Ledger

Franklin Templeton and Ondo push tokenized assets toward XRPL. Ripple expands payments, custody, and ZK pilots in Africa.

- Analyst says Franklin Templeton ($1.7T AUM) is working with Ondo to tokenize stocks and ETFs on X.
- Ripple and Ondo previously brought tokenized U.S. Treasuries (OUSG) to the XRP Ledger, using RLUSD for fast mint/redeem NewsBTC.
- Ripple also explored tokenized fund trading and lending with Franklin Templeton and DBS via sgBENJI and RLUSD on XRPL NewsBTC.
- Franklin Templeton is reportedly moving to tokenize its own ETFs, growth funds, large-cap stocks, gold, high-yield bonds, and income products using Ondo, with XRPL as rails and RLUSD for settlement NewsBTC.

Africa deployment

- Nigeria is adopting XRPL infrastructure for instant Naira payouts, Ripple Custody, and ZK privacy pilots on X.
- Redotpay enables users to send XRP or RLUSD and receive Naira into bank accounts within minutes NewsBTC.
- Absa Bank becomes Ripple’s first major custody partner in Africa; MFS collaborates on on‑demand liquidity (ODL) rollout NewsBTC.
- A ZK privacy pilot by DNAOnChain is reportedly running on the XRPL testnet in Nigeria on X.

Why it matters

- Wall Street is testing tokenized stocks and ETFs and needs real-time settlement infrastructure NewsBTC.
- The XRPL + RLUSD stack is positioned as rails for issuance and settlement across markets NewsBTC.