Ripple’s RLUSD stablecoin has marked a significant achievement through a three-way partnership with DBS Bank and Franklin Templeton. The collaboration links RLUSD with Franklin Templeton’s sgBENJI token, a digitized U.S. dollar money market fund built on Ripple’s XRP Ledger and available via DBS Digital Exchange. For institutional investors, the arrangement opens new possibilities for trading and lending, offering around-the-clock portfolio rebalancing supported by enhanced security and operational efficiency.
Expanding collateral and borrowing opportunities
The partnership introduces new collateral and borrowing mechanisms designed to appeal to large-scale investors. Through the integration, participants can borrow against sgBENJI tokens by utilizing DBS-managed repurchase agreements or through services provided by third parties. This structure enables investors to unlock liquidity without having to sell underlying portfolios, making tokenized assets more practical and attractive for institutional adoption.
By combining DBS’s influence in the local financial sector, Franklin Templeton’s extensive $1.5 trillion asset base, and Ripple’s blockchain expertise, the initiative builds a resilient ecosystem for tokenized financial products. Market analysts view this as a strategic step toward deepening institutional engagement in digital finance, particularly as demand for secure, regulated, and efficient instruments continues to grow.
RLUSD’s rapid growth signals adoption
Ripple’s stablecoin has experienced notable expansion, underscoring its rising importance within institutional markets. RLUSD’s market capitalization has climbed to $800 million, reflecting a 441 percent increase compared to the previous year. Additionally, trading volumes have surged by 15 percent in recent weeks, indicating heightened adoption and growing confidence among institutional participants.
Industry observers have characterized the alliance as transformative for capital efficiency and institutional asset management. The integration of RLUSD with tokenized money market funds provides a framework for financial institutions to manage liquidity in compliance with regulatory standards while leveraging the advantages of blockchain technology. This balance between regulatory oversight and technological innovation positions RLUSD as a foundation for the next stage of tokenized financial services.
Introducing the next building block of onchain markets – we’re partnering with @DBSbank and @FTI_Global to establish repo markets powered by tokenized collateral and stablecoins: https://t.co/vFTL32XO8C
Investors will be able to use $RLUSD to trade for Franklin Templeton’s money…
— Ripple (@Ripple) September 18, 2025
Institutional focus on tokenization
The partnership also reflects broader trends within global finance, where institutions are increasingly drawn to tokenized assets for their efficiency, transparency, and liquidity benefits. By enabling repurchase agreements and lending mechanisms that rely on digital tokens, the initiative demonstrates how blockchain can be used to replicate and enhance traditional financial operations.
Ripple, DBS, and Franklin Templeton are seen as aligning their strengths to address institutional needs more effectively. With Ripple providing the blockchain infrastructure, DBS ensuring market integration through its exchange, and Franklin Templeton delivering trusted financial instruments, the collaboration reinforces the credibility of tokenized finance as a mainstream tool.
A step toward the future of finance
Market commentators suggest that RLUSD’s continued expansion could play a central role in shaping institutional adoption of digital assets. The partnership signals a shift toward more sophisticated, regulated, and utility-driven blockchain applications that can serve as the backbone for future financial ecosystems.
The success of RLUSD in institutional settings illustrates how blockchain technology and traditional finance can converge to create lasting solutions for liquidity, compliance, and capital efficiency. With its strong growth trajectory and expanding utility, RLUSD is emerging as a cornerstone of institutional tokenization strategies.