XRP Today News: Ripple partners with Southeast Asia's largest bank DBS to upgrade Ripple's ecological application scenarios.

Ripple announced a tripartite agreement with Southeast Asia's largest asset bank, DBS, and global investment management giant Franklin Templeton, to introduce tokenized money market funds and stablecoin-based liquidity to the DBS Digital Exchange (DDEx). This strategic partnership brings XRP ledger technology to a financial giant with over $500 billion in assets, marking a significant breakthrough for blockchain technology in the TradFi sector, and providing unprecedented institutional-grade application scenarios for the XRP ecosystem.

The largest bank in Southeast Asia fully adopts Ripple technology, with the XRP ledger becoming the core infrastructure

According to the memorandum of understanding signed on September 18, DBS Digital Exchange (DDEx) will launch Franklin Templeton's sgBENJI (the Token for Franklin's on-chain USD short-term money market fund) and Ripple's USD stablecoin RLUSD, allowing eligible customers to exchange between yield fund tokens and stable account units around the clock. Ripple stated that the solution is built on the public XRP ledger, and as the program expands, repurchase lending will also be introduced.

DBS Bank, as the largest bank in Southeast Asia by asset size (with assets exceeding USD 500 billion as of 2025), views this collaboration as part of its broader institutional initiative to transition towards tokenization market infrastructure. DBS Digital Exchange CEO Lin Wei-Jian stated, “Digital asset investors need solutions that can meet the unique demands of a borderless, round-the-clock asset class.”

Breakthrough Financial Innovation: Tokenization of Money Market Funds and Integration with Stablecoins

This collaboration will bring a series of innovative financial products and services:

· Tokenized Money Market Fund: Franklin Templeton will issue sgBENJI on the XRP ledger to enhance cross-network interoperability.

· stablecoin Liquidity: Ripple's RLUSD will serve as a regulated, highly liquid medium of exchange.

· Repurchase lending: DBS Bank plans to allow customers to use sgBENJI as collateral to directly obtain credit through repurchase transactions in the next phase.

Roger Bayston, Head of Digital Assets at Franklin Templeton, stated that this collaboration “is a significant advancement in the practicality of tokenized securities” and is also “an important step in the development of the Asian digital asset ecosystem.” Nigel Khakoo, Vice President and Global Head of Trading and Markets at Ripple, emphasized that collaborating with a regulated and highly liquid trading medium like RLUSD “realizes the repurchase transactions of tokenized money market funds” and “will truly change the game.”

Ripple CEO: Tokenized assets must have both liquidity and utility

Ripple President Monica Long placed this collaboration within a broader debate on tokenization, asserting that real-world assets must possess both tradability and practical use to fulfill their promise.

“In order for tokenized financial assets to address the issues they promise to solve, we need: 1/ a strong liquidity secondary market; 2/ the utility of these assets (for example, collateral). This is precisely the goal that Ripple, DBS Bank, and FTI are striving to achieve in this statement,” she wrote on the social media platform X.

This mechanism is designed specifically for institutional portfolio management. By simultaneously launching sgBENJI and RLUSD, qualified investors on DDEx can quickly shift from volatile cryptocurrency positions to relatively stable, yield-accumulating fund tokens without leaving a single, bank-regulated ecosystem. Ripple and DBS Bank stated that completing settlements within minutes and having 24/7 market access are the core of this design, and the XRP ledger is particularly suitable for large-scale fund token transfers due to its speed, low costs, and high throughput.

Choosing DBS Bank as a platform is impressive in terms of scale. This Singaporean bank has long been regarded as the largest bank by asset size in Southeast Asia, and it actively builds regulated digital asset channels through DDEx and customized custody services. Ripple has positioned RLUSD as a compliance-first stablecoin for institutional payments and market operations over the past year; meanwhile, Franklin Templeton continues to port money market instruments onto public ledgers to pursue programmable Liquidity.

As of the time of publication on September 19, the trading price of XRP is $3.04. Market analysts believe that this significant institutional collaboration may bring more practical application scenarios and institutional demand for XRP, further supporting its long-term value growth.