Today Ripple, DBS Bank and Franklin Templeton have announced a joint partnership to provide onchain liquidity via Ripple’s RLUSD stablecoin and tokenized money market funds.
Investors and clients of DBS will be able to swap RLUSD stablecoin for Franklin Templeton’s sgBENJI token (the Singapore variant) on their native exchange DDEx and vice-versa, allowing for quick settlement times and opportunities to earn yield % on account holdings.
Franklin Templeton launched the token as part of their U.S. Government Money Fund in 2021 comprising mainly of U.S. treasuries and repurchase agreements, and is currently available across 8 blockchains and features a market cap of $736M.
The global investment manager will also look to integrate this onto the XRP Ledger, fostering the growth of the XRPL and liquidity pools.
Ripple’s RLUSD stablecoin has grown to $700M since its launch in Q4 2024, reflecting the broader momentum of stablecoins that DBS signalled for the industry in their Q2 2025 report.
