{"id":48367,"date":"2025-09-18T23:31:31","date_gmt":"2025-09-18T23:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48367"},"modified":"2025-09-18T23:31:31","modified_gmt":"2025-09-18T23:31:31","slug":"ripple-seals-deal-with-southeast-asias-largest-bank","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48367","title":{"rendered":"Ripple Seals Deal With Southeast Asia\u2019s Largest Bank"},"content":{"rendered":"
\n

Ripple has inked a three-way agreement with DBS and Franklin Templeton to bring tokenized money market funds and stablecoin-based liquidity onto DBS Digital Exchange (DDEx), in a move that squarely targets institutional demand for on-chain yield and credit.<\/p>\n

Biggest Bank In Southeast Asia Taps Ripple Tech<\/h2>\n

Under a memorandum of understanding signed<\/a> on September 18, DDEx will list Franklin Templeton\u2019s sgBENJI\u2014the token of the Franklin Onchain US Dollar Short-Term Money Market Fund\u2014alongside Ripple\u2019s US dollar stablecoin, RLUSD<\/a>, enabling eligible clients to swap between a yield-bearing fund token and a stable unit of account around the clock. Ripple says the solution is being built on the public XRP Ledger, with repo-style lending to follow as the initiative expands.<\/p>\n

DBS, Southeast Asia\u2019s largest bank by assets (over $500 billion as of 2025), framed the tie-up as part of a broader institutional shift toward tokenized market infrastructure. \u201cDigital asset investors need solutions that can meet the unique demands of a borderless 24\/7 asset class,\u201d said Lim Wee Kian, CEO of DBS Digital Exchange. The bank added that, in a next phase, it will explore allowing clients to post sgBENJI as collateral to obtain credit either directly from DBS via repurchase transactions (repos) or from third-party platforms where DBS acts as collateral agent\u2014formally pulling a core money-markets use case on-chain.<\/p>\n

Franklin Templeton, which has been at the vanguard of tokenized funds, will issue sgBENJI on the XRP Ledger to increase interoperability across networks. Roger Bayston, head of digital assets at Franklin Templeton, called the collaboration \u201ca meaningful advancement in the utility of tokenized securities\u201d and \u201ca significant step forward in the growth of Asia\u2019s digital asset ecosystem.\u201d Ripple\u2019s VP and global head of trading and markets, Nigel Khakoo, underscored the capital-markets angle, saying the link-up to \u201cenable repo trades for a tokenized money market fund\u201d with a regulated, liquid exchange medium like RLUSD \u201cis truly a game-changer.\u201d<\/p>\n

Monica Long, Ripple\u2019s president, situated<\/a> the announcement in the larger tokenization debate, arguing that real-world assets must have both tradability and practical uses to fulfill their promise. \u201cIn order for tokenized financial assets<\/a> to solve the problems they\u2019ve been promised to solve, we need both 1\/ liquid secondary markets and 2\/ utility for these assets (such as with collateralization). That\u2019s exactly what Ripple, DBS and FTI are working towards with this announcement,\u201d she wrote via X.<\/p>\n

The mechanics are designed for institutional portfolio management. By listing sgBENJI and RLUSD side by side, accredited investors on DDEx can quickly rebalance from volatile crypto exposures into a comparatively stable, yield-accruing fund token without leaving a single, bank-supervised ecosystem. Ripple and DBS say settlement finality within minutes and 24\/7 market access are central to the design, with the XRP Ledger chosen for speed, low fees and throughput suitable for high-volume fund token transfers.<\/p>\n

The choice of DBS as venue is notable on scale alone. The Singaporean lender is consistently cited as Southeast Asia\u2019s largest bank by assets, and has been aggressive in building out regulated digital-asset rails through DDEx and bespoke custody. Ripple, for its part, has spent the past year positioning RLUSD as a compliance-first stablecoin for institutional payments and market operations, while Franklin Templeton<\/a> continues to port money-market instruments onto public ledgers in pursuit of programmable liquidity.<\/p>\n

At press time, XRP traded at $3.10.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple has inked a three-way agreement with DBS and Franklin Templeton to bring tokenized money market funds and stablecoin-based liquidity onto DBS Digital Exchange (DDEx), in a move that squarely targets institutional demand for on-chain yield and credit. Biggest Bank In Southeast Asia Taps Ripple Tech Under a memorandum of understanding signed on September 18, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-48367","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48367"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48367\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}