Overview

• Under the agreement, Franklin Templeton will issue the sgBENJI token on the XRP Ledger and DBS Digital Exchange will list it paired with Ripple’s RLUSD stablecoin.
• The arrangement is intended for accredited and institutional clients to shift between a regulated stablecoin and a yield-bearing money market fund at any time.
• DBS said it is evaluating repo-style credit facilities that would let clients pledge sgBENJI to obtain funding from the bank or third‑party lenders, with DBS acting as collateral custodian.
• Franklin Templeton selected the XRP Ledger for sgBENJI citing speed, low transaction costs, scalability and broader interoperability for institutional access.
• Executives from the three firms framed the initiative as a step toward greater liquidity and capital efficiency for tokenized assets, citing strong institutional interest in digital asset allocations this year.