DBS, Franklin Templeton, Ripple Launch Tokenized Fund
- DBS, Franklin Templeton, and Ripple collaborate to launch a tokenized fund.
- Institutional-grade yield solution for accredited investors in Asia.
- First repo trade using a regulated stablecoin with Ripple’s RLUSD.
DBS Group, Franklin Templeton, and Ripple have partnered to launch a tokenized fund and stablecoin services using XRP Ledger, aiming to enhance liquidity and institutional yields.
This collaboration signifies a pivotal shift towards digital assets by offering regulated tokenized solutions, influencing institutional investors and the broader financial ecosystem.
DBS Group, Franklin Templeton, and Ripple have partnered to introduce a tokenized money market fund utilizing the XRP Ledger, revealed in an official statement.
This collaboration introduces a regulated yield solution promising enhanced efficiency and liquidity, sparking institutional adoption of digital assets.
DBS, Franklin Templeton Align on Tokenized Fund Initiative
DBS Group has announced a strategic collaboration with Franklin Templeton and Ripple, as reported in The Block. This partnership aims to launch the sgBENJI tokenized fund, emphasizing digital asset solutions and enhanced institutional liquidity.
Franklin Templeton provides the tokenized money market fund shares, while Ripple’s XRP Ledger facilitates the technology. Lim Wee Kian, CEO of DBS Digital Exchange, highlighted that, “Digital asset investors need solutions that can meet the unique demands of a borderless 24/7 asset class. This partnership demonstrates how tokenised securities can play that role while injecting greater efficiency and liquidity in global financial markets.” This marks a bold step in regulated tokenized finance innovation.
Tokenized Fund Set to Enhance Liquidity in Asia
The launch targets accredited and institutional investors, creating a regulated framework for digital assets in Asia. This move aims to enhance liquidity and provide a reliable yield solution for institutional clients.
Ripple’s new token, RLUSD, will facilitate stablecoin swaps and repos, presenting a game-changing opportunity in the market for regulated trading involving real-world assets.
Franklin Templeton Expands Tokenization from Stellar to XRP
Franklin Templeton’s history with tokenized funds on other blockchains, like Stellar, sets a precedent for success in the domain. This collaboration builds on that success, targeting broader institutional uptake, as detailed by Cryptopolitan.
Experts foresee a positive trajectory due to efficient financial practices. This move could potentially inspire more entities to explore tokenized solutions, expanding asset class integration in the digital finance space.
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