DBS Bank signs MoU with Ripple and Franklin Templeton to list RLUSD and sgBENJI on XRP Ledger, opening up 24/7 trading to professional investors.
Singapore’s largest bank, DBS, has made a major breakthrough in integrating digital assets into the traditional financial system by signing a Mnemonics (MoU) with Ripple and Franklin Templeton. This three-way agreement will provide professional and institutional investors with entirely new trading and lending opportunities through the integration of XRP Ledger, stablecoin RLUSD and a Tokenize money market fund.
DBS Digital Exchange will list RLUSD alongside sgBENJI, Franklin Templeton’s Tokenize yield money market fund, creating a diversified and efficient digital asset trading ecosystem. This allows investors to manage their digital asset portfolios more flexibly in the face of rapidly changing market conditions, with the ability to trade 24/7 and rebalance their portfolios as needed.
The choice of XRP Ledger as the technical platform was not accidental. DBS emphasized that XRP Ledger was chosen for its fast processing speed, low transaction costs and high operational efficiency, making it an ideal platform for managing the lifecycle of high-volume, low-latency assets such as Tokenize money market funds.
RLUSD and the global stablecoin race
Lim Wee Kian, CEO of DBS Digital Exchange, explained that investors today need new solutions to meet the unique needs of a Borderless and seamless asset class. He said the partnership demonstrates the important Vai Tokenize securities play in creating greater efficiency and liquidation in global markets.
Ripple’s stablecoin RLUSD is steadily expanding its position with a current market Capital of $729.78 million, ranking 8th among the world’s top stablecoins. Over the past 30 days, RLUSD has added about $60 million, representing a modest but steady growth rate, in line with Ripple’s “slow and steady” strategy.
The role of stablecoins has become more important than ever after the United States passed the GENIUS Act, which sets a clear legal framework for the issuance and use of stablecoins at both the federal and state levels. This development has sparked a stablecoin race not only in the US but also globally.
Ripple is aggressively expanding its flagship stablecoin into strategic markets in 2025, including Dubai, Africa, and plans to launch in Japan next year. After reaching a settlement with the U.S. Securities and Exchange Commission (SEC), Ripple is now one of the key voices shaping the CLARITY Act, the next step in the regulatory framework for cryptoassets in the U.S.
The company is also considered a leading candidate for the upcoming ETF spot and is expected to participate in the White House's plan to stockpile crypto assets. The deal with DBS Bank and Franklin Templeton not only strengthens Ripple's position in the traditional financial ecosystem but also sets an important precedent for integrating blockchain technology into mainstream banking services.
