SINGAPORE (Reuters) -DBS Group has partnered with U.S. asset manager Franklin Templeton and blockchain firm Ripple to offer accredited and institutional investors trading and lending services using tokenised money market funds and Ripple’s U.S. dollar stablecoin.

Under the agreement, Singapore’s biggest lender said that it will list Franklin Templeton’s sgBENJI token – the unit of the asset manager’s tokenised U.S. dollar money market fund – on the DBS Digital Exchange alongside Ripple’s RLUSD stablecoin.

The setup will allow eligible investors to swap between the two and earn yield, the bank said in a statement.

“This partnership demonstrates how tokenised securities can play that role while injecting greater efficiency and liquidity in global financial markets,” Lim Wee Kian, DBS Digi

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