Ripple, Franklin Templeton & DBS Bank Singapore Partnership Shocks Financial Markets!

Jakarta, Pintu News – San Francisco-based blockchain company Ripple recently announced a strategic partnership with Franklin Templeton, a global asset manager with $1.5 billion in assets, and DBS Bank, Singapore’s largest banking institution. The partnership aims to develop a repo market backed by stablecoins and tokenized collateral.

Strategic Partnerships for Financial Innovation

The partnership involves the launch of the sgBENJI token by Franklin Templeton, which represents shares in a short-term money market fund tokenized in US dollars. The token will be listed on the Singapore exchange, allowing instant exchange with the RLUSD stablecoin which will also be listed on the trading platform.

This provides an opportunity for investors to switch to safer, income-generating products during periods of market volatility. With the sgBENJI token as part of this ecosystem, investors no longer have to hold volatile tokens for nothing. They can immediately switch to more stable, income-generating products, which provides more security in their investments.

Also Read: 5 Reasons Crypto Liquidation Risk Could Break Records in September 2025

Repo Market on Blockchain Rails

The next phase of this partnership will involve using sgBENJI tokens as collateral to obtain credit from DBS or other third-party lenders in the form of cash or stablecoins.

It will function similar to the repo market in traditional finance, where financial institutions use US Treasury Securities as collateral to secure short-term loans and unlock more liquidity.

The use of blockchain in this repo market is expected to increase efficiency and transparency, and reduce the risks and costs associated with traditional financial transactions. This opens up new avenues for greater liquidity and easier access to funds in emergency situations or when investment opportunities arise.

Wider Adoption for XRPL and RLUSD

Franklin Templeton will issue sgBENJI tokens not only on the Ripple (XRP) network but also on several other blockchains. Ripple stated that XRPL is well suited for high-volume MMF tokens. Meanwhile, Ripple’s RLUSD stablecoin, whose current market capitalization is close to $730 million, will be the base currency for sgBENJI trading.

The use of RLUSD stablecoin in MMF tokenized repo trading is considered a game changer by Nigel Khakoo of Ripple. It marks a major step in the application of blockchain technology in traditional asset management and finance, opening up new potential for innovation and efficiency.

Conclusion: The Innovative Future of Finance

This partnership between Ripple, Franklin Templeton, and DBS Bank Singapore marks a pivotal point in the evolution of digital finance and the use of blockchain at scale. By integrating this new technology into the existing financial system, they not only improve security and efficiency but also open up new opportunities for more stable and profitable financial products.

Also Read: 5 UK-US Crypto Cooperation Agenda that Could Accelerate Stablecoin Adoption

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Reference

• U.Today. Ripple Announces Major Partnership with $1.5 Trillion Financial Giant Franklin Templeton and DBS Bank. Accessed on September 19, 2025