- Ripple, DBS, and Franklin Templeton partner to launch repo markets using RLUSD and tokenized money market funds.
- Investors can trade RLUSD for Franklin Templeton’s tokenized sgBENJI fund on DBS’s exchange to access yield opportunities.
- Ripple’s Monica Long cites liquidity and utility as key drivers, while hailing regulatory progress in the U.S.
Ripple has announced a new partnership with DBS Bank and Franklin Templeton aimed at reshaping on-chain markets. The collaboration will introduce trading and lending solutions powered by Ripple’s RLUSD stablecoin and tokenized money market funds.
Through this initiative, investors will be able to use RLUSD to trade Franklin Templeton’s sgBENJI fund, which is tokenized on the XRP Ledger and listed on DBS’s digital exchange. The structure creates access to yield opportunities while also opening new liquidity channels for digital assets. Ripple stated that this development marks a key step in building on-chain markets supported by tokenized collateral and stablecoins.
Ripple Leadership on Essentials for Growth
Ripple President Monica Long highlighted the importance of this partnership for the future of tokenized finance. She stated that liquid secondary markets and practical utility for tokenized assets remain essential if these instruments are to solve real financial challenges.
Long explained that the partnership with DBS and Franklin Templeton reflects these two priorities. By providing collateralization opportunities and secondary market trading, the initiative addresses fundamental requirements for tokenized markets to operate efficiently and scale.
Expanding Repo Market Potential
Jack McDonald, CEO of Standard Custody and SVP of Stablecoins at Ripple, emphasized the significance of the repo market. He noted that global repo transaction volume reaches tens of trillions of dollars annually, with nearly $12 trillion recorded in the U.S. during 2024.
As McDonald notes, the cooperation will be used to conduct the first repo trade between a tokenized money market fund and RLUSD. This is an achievement that signifies the implementation of blockchain-based tools on the current financial processes that may expand its use by institutional investors.
Ripple President Welcomes Regulatory Shift
Besides the announcement of the partnership, Ripple President Monica Long covered the regulatory environment in the U.S. She cited the legislative evolution, like the Genius Act, the Clarity Act, and the Responsible Financial Innovation Act. These structures, she said, are forming a more distinct direction of digital assets.
Long gave hope that bipartisan backing will see a wholesome market structure in crypto. She went further and stated that regulatory certainty will enable the U.S. to enhance its leadership in blockchain innovation. The executives of Ripple consider the regulatory clarity and institutional partnerships as the key factors to the on-chain financial markets’ development.
