Ripple has joined forces with DBS and Franklin Templeton to introduce tokenized trading and lending solutions using the XRP Ledger blockchain. The focus is on Franklin Templeton’s sgBENJI token, traded on DBS Digital Exchange utilizing Ripple’s RLUSD stablecoin.
This initiative targets the merging of traditional money market funds with modern blockchain technology, appealing to accredited and institutional investors. DBS’s Lim Wee Kian highlights the potential for tokenized securities to enhance market efficiency.
A report indicates that 87% of institutional investors are planning to invest in digital assets by 2025. The partnership is positioned as a transformative step in the evolution of tokenized securities in Asia.
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