Franklin Templeton, Ripple Join Forces To Launch Tokenized Money Market Funds For Accredited Investors Of This Asian Banking Giant

Singapore’s largest bank, DBS Group Holdings (OTC:DBSDY), asset management firm Franklin Templeton and blockchain company Ripple Labs (CRYPTO: XRP) have teamed up to provide accredited investors trading solutions backed by tokenized money market funds and U.S. dollar-pegged stablecoins.

Franklin Templeton’s BENJI Fund Comes To DBS Bank

This collaboration will facilitate the listing of Franklin Templeton’s sgBENJI token, which represents its tokenized U.S. dollar money market fund, on the DBS Digital Exchange. Ripple’s USD (CRYPTO: RLUSD) stablecoin will also be listed alongside. Franklin Templeton will use the XRP ledger to tokenize the sgBENJI tokens.

“With this setup, eligible DBS clients can trade RLUSD …

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