Ripple & DBS List RLUSD & sgBENJI on XRP Ledger
Ripple, DBS Digital Exchange (DDEx) and Franklin Templeton have signed a memorandum of understanding to list RLUSD, Ripple’s regulated stablecoin, and sgBENJI, Franklin Templeton’s tokenized money market fund, on the XRP Ledger. Accredited investors will gain 24/7 access to swap RLUSD and sgBENJI on DDEx with low fees and minute-speed settlement on the XRP Ledger. In the second phase, DBS plans to enable repo-style lending by accepting sgBENJI as collateral, boosting capital efficiency. DBS Digital Exchange CEO Lim Wee Kian said there is strong demand for borderless, always-on digital asset solutions. Franklin Templeton’s Roger Bayston highlighted blockchain’s power to reshape global finance, while Ripple’s Nigel Khakoo called the move a game-changer for on-chain repo markets. This partnership marks a major advance in institutional tokenization and on-chain liquidity solutions.
Bullish
The partnership between Ripple, DBS Digital Exchange and Franklin Templeton is a clear sign of growing institutional adoption of the XRP Ledger. Listing RLUSD and sgBENJI on-chain will boost demand for XRP network transactions and could increase XRP token usage, supporting short-term price gains. Enabling repo-style lending with sgBENJI collateral adds new on-chain liquidity channels, potentially driving sustained demand and network activity. Over the long term, broader integration of TradFi assets with the XRP Ledger could solidify XRP’s role as a settlement layer and enhance its utility, fostering stronger price support.