Ripple Collaborates with DBS and Franklin Templeton for Securitized Trading on XRP Platform
In a groundbreaking move, Ripple, DBS Bank, and Franklin Templeton have announced a partnership to launch tokenized trading and lending services on the XRP Ledger via the DBS Digital Exchange. This alliance is set to redefine the financial landscape, particularly for institutional investors, by creating new pathways for managing risk and generating yield.
At the heart of this partnership is Ripple's stablecoin, RLUSD, which forms the foundation of the collaboration. Ripple's strategy is to position RLUSD as a global settlement currency, with plans to integrate into African markets for financial institutions seeking dollar-backed digital liquidity.
VivoPower International's EV subsidiary Tembo is set to join the ranks of the first automakers to accept RLUSD for vehicle payments, further enhancing the coin's reach and utility.
Meanwhile, DBS Bank will allow clients to use sgBENJI tokens, issued by Franklin Templeton, as collateral for accessing liquidity. Clients can leverage sgBENJI tokens in various mechanisms to secure credit. DBS will act as the custodian for the pledged sgBENJI tokens, ensuring security and compliance.
The integration of sgBENJI enhances the interoperability of tokenized securities within the digital asset ecosystem. DBS Digital Exchange will list Franklin Templeton's sgBENJI alongside Ripple's RLUSD stablecoin, offering institutional investors the opportunity to trade between yield-bearing tokens and stablecoins in real-time.
Institutional investors stand to benefit from this partnership in several ways. The alliance creates new pathways for managing risk and generating yield, and it helps investors manage volatility while earning returns in crypto markets.
The XRP Ledger, chosen for its high throughput, low fees, and proven reliability, is the platform on which these innovative tokenized trading and lending solutions will operate. The Ripple-DBS-Franklin Templeton initiative is expected to begin operations in the coming months, marking a major advance in the tokenization of traditional assets.
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