DBS и Franklin Templeton запускают токенизированные финансовые продукты на базе Ripple для упрощения доступа к цифровым активам Translation: DBS and Franklin Templeton Launch Tokenized Financial Products on Ripples Platform to Simplify Access to Digital Assets

DBS, Franklin Templeton, and Ripple have formed a partnership to introduce trading and lending solutions based on tokenized products utilizing the XRP Ledger blockchain and the RLUSD stablecoin.

The parties have signed a memorandum of understanding, aiming to facilitate access to digital assets for institutional and accredited investors.

“They require solutions that can meet unique demands, available 24/7 without restrictions. This partnership illustrates how tokenized securities can fulfill this role while simultaneously enhancing the efficiency and liquidity of global financial markets,” stated Lim Vickyan, CEO of DBS Digital Exchange.

The DBS Digital Exchange will list RLUSD alongside sgBENJI, which is a tokenized money market fund coin from Franklin Templeton (Franklin Onchain US Dollar Short-Term Money Market Fund).

Clients will have the capability to exchange these assets around the clock for portfolio rebalancing during volatile periods. A one-way transaction will take just a few minutes.

In the next phase of the partnership, the trading platform will explore the possibility of using sgBENJI for liquidity provision. One application mentioned is obtaining loans through repurchase agreements, where DBS acts as the agent holding the collateral.

“This provides clients with access to broader liquidity pools and reassures both clients and third-party lenders that the collateral is held in a trusted bank,” the release noted.

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

The primary goal of this collaboration is to establish a 24/7 global settlement network that reduces dependence on traditional banks with their operating hours.

“Blockchain and tokenization are unlocking new powerful opportunities that can transform the global financial ecosystem,” added Roger Bayston, head of digital assets at Franklin Templeton.

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