According to the firm, the collaboration introduces trading and lending tools built around tokenized collateral and stablecoins, marking a push to bridge traditional markets with blockchain-based liquidity.
The initiative is anchored on DBS Digital Exchange (DDEx), which will now list Ripple’s US dollar stablecoin (RLUSD) alongside sgBENJI, the tokenized version of Franklin Templeton’s OnChain US Dollar Short-Term Money Market Fund.
This pairing allows institutional clients to exchange stable assets directly, providing both portfolio flexibility and yield opportunities not typically available in volatile crypto markets.
These firms’ executives have framed this development as a step forward in institutionalizing tokenized securities.
Franklin Templeton is preparing to expand its token interoperability by launching sgBENJI on the XRP Ledger.
Roger Bayston, Head of Digital Assets at Franklin Templeton, emphasized that tokenization can “reshape the global financial ecosystem” and highlighted the role of the blockchain network in unlocking new use cases for securities trading.
At the same time, DBS is preparing to allow clients to post sgBENJI tokens as collateral for repurchase agreements with banks or as security on third-party lending platforms.
The firm argued that this would extend liquidity channels for institutional investors while assuring lenders of tokenized, regulated fund exposure.
