DBS и Franklin Templeton объединяются с Ripple для создания прорывных токенизированных финансовых решений Translation: DBS and Franklin Templeton unite with Ripple to create breakthrough tokenized financial solutions

DBS, Franklin Templeton, and Ripple have formed a partnership aimed at launching trading and lending solutions utilizing tokenized products built on the XRP Ledger and the RLUSD stablecoin.

The parties have signed a memorandum of understanding, with the goal of enhancing access to digital assets for institutional and accredited investors.

«They require solutions that meet their specific needs, available around the clock and without limitations. This partnership illustrates how tokenized securities can fulfill this role while also improving the efficiency and liquidity of global financial markets,» stated Lim Vi Kian, CEO of DBS Digital Exchange.

DBS Digital Exchange will offer RLUSD in conjunction with sgBENJI, a tokenized money market fund coin from Franklin Templeton (Franklin Onchain US Dollar Short-Term Money Market Fund).

Clients will have the ability to exchange these assets around the clock for portfolio rebalancing during periods of volatility, with single transactions taking just minutes.

In the next phase of the partnership, the trading platform will explore utilizing sgBENJI for liquidity provisioning. One application mentioned includes securing a loan through a repurchase agreement, where DBS acts as the agent holding the collateral.

«This provides clients access to wider liquidity pools while assuring clients and third-party lenders that the collateral is stored in a secure bank,» the release noted.

To reinforce the tokenization ecosystem, Franklin Templeton will integrate sgBENJI into the XRP Ledger. The announcement highlighted Ripple’s protocol for its speed, efficiency, and low transaction costs.

The primary objective of this collaboration is to create a global settlement network operational around the clock, reducing reliance on traditional banks with set business hours.

«Blockchain and tokenization unlock powerful new opportunities that can transform the global financial ecosystem,» added Roger Bayston, head of digital assets at Franklin Templeton.

It is worth noting that on August 22, the Second Circuit Court of Appeals in the U.S. confirmed a settlement between the Securities and Exchange Commission and Ripple Labs, concluding a lawsuit that had been ongoing since 2020.