Ripple Stablecoin and XRP Ledger Tapped in DBS Bank, Franklin Templeton Deal

Core Insights - DBS Bank has partnered with Ripple and Franklin Templeton to introduce new trading and lending opportunities utilizing XRP Ledger and RLUSD stablecoin [1][2] - The collaboration aims to provide accredited and institutional investors with access to innovative tokenized products [2][4] Tokenization - A Memorandum of Understanding (MoU) has been signed to launch tokenized trading and lending products linked to XRP Ledger and RLUSD [2] - The DBS Digital Exchange will list RLUSD alongside Franklin Templeton's tokenized money market fund coin, sgBENJI [2][7] Digital Asset Management - DBS emphasizes that the new offerings will enhance digital asset portfolio management, allowing for 24/7 trading and portfolio rebalancing [3] - XRP Ledger is chosen for its speed, low costs, and efficiency, making it suitable for high-volume, low-latency assets like tokenized money market funds [3] Market Context - The RLUSD stablecoin has a market cap of $729.78 million, ranking 8th among stablecoins, with a recent increase of approximately $60 million over the past month [5][7] - The relevance of stablecoins has surged following the U.S. GENIUS Act, which establishes a legal framework for stablecoin operations [6] Ripple's Strategic Positioning - Ripple is expanding its market presence, including recent developments in Dubai and Africa, with plans to enter Japan next year [8] - Following its settlement with the U.S. SEC, Ripple is actively involved in shaping future U.S. crypto legislation, including the CLARITY Act [8]