Ripple has inked a three-way agreement with DBS and Franklin Templeton to bring tokenized money market funds and stablecoin-based liquidity onto DBS Digital Exchange (DDEx), in a move that squarely targets institutional demand for on-chain yield and credit.

Biggest Bank In Southeast Asia Taps Ripple Tech

Under a memorandum of understanding signed on September 18, DDEx will list Franklin Templeton’s sgBENJI—the token of the Franklin Onchain US Dollar Short-Term Money Market Fund—alongside Ripple’s US dollar stablecoin, RLUSD , enabling eligible clients to swap between a yield-bearing fund token and a stable unit of account around the clock. Ripple says the solution is being built on the public XRP Ledger, with repo-style lending to follow as the initiative expands.

DBS, Southeast Asi

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