DBS, Franklin Templeton, Ripple don launch XRPL Tokenized Loans
DBS Bank, Franklin Templeton and Ripple don sign memorandum wey dem go launch XRPL tokenized lending for XRP Ledger through DBS Digital Exchange (DDEx). For first phase, dem go list sgBENJI, Franklin Templeton’s US dollar money market fund token, plus Ripple USD (RLUSD) for DDEx, so that people fit trade 24/7 between these stablecoins and yield-bearing assets. Institutional investors fit change waka between RLUSD and sgBENJI sharp sharp to manage their portfolio wahala. Next phase, DBS go allow sgBENJI as collateral for repurchase agreements or through third-party lending platforms, with bank acting as collateral agent. Franklin Templeton go issue sgBENJI on XRP Ledger to enjoy low fees and quick settlement. Ripple talk say this initiative na “game-changer” wey go boost market efficiency and liquidity for regulated on-chain products. Recent survey show say 87% institutions dey expect to put money for digital assets by 2025.
Bullish
Enabling tokenized lending for XRP Ledger plus putting sgBENJI and RLUSD for market dey improve how utility and liquidity dey for on-chain, which fit push up demand for XRP. Short term, institution dem for new yield products plus flexible portfolio go make market sentiment and trading volume better. Long term, dis partnership fit make XRP solid for institutional tokenized finance, keep bullish momentum plus increase how network dey used.