DBS Bank taps Ripple tech. | Credit: Credit: Budrul Chukrut/Getty Images. Key Takeaways DBS will use XRP Ledger and RLUSD to offer clients a yield-generating tokenized money market fund. Through the partnership, DBS clients can trade these products 24/7. RLUSD is the 8th largest stablecoin by market cap. Singapore’s biggest bank, DBS, has partnered with Ripple and Franklin Templeton to offer its clients new trading and lending opportunities with XRP Ledger, the RLUSD stablecoin, and a tokenized mo ...

According to Reuters, DBS Bank announced a partnership with Franklin Templeton and Ripple to list Franklin Templeton’s U.S. dollar money market fund token sgBENJI and Ripple’s U.S. dollar stablecoin RLUSD on the DBS Digital Exchange, providing accredited and institutional investors with trading and lending services using tokenized funds and stablecoins.https://t.co/pgJ2Xy4i7L ...

Introducing the next building block of onchain markets – we’re partnering with @DBSbank and @FTI_Global to establish repo markets powered by tokenized collateral and stablecoins: https://t.co/pVN7Nzd9pUInvestors will be able to use $RLUSD to trade for Franklin Templeton’s money market fund, sgBENJI, tokenized on the XRP Ledger, and listed on DBS’s digital exchange, earning yield and opening new liquidity venues.Institutional momentum is building onchain. ...