DBS Lists Franklin Templeton’s sgBENJI and Ripple’s RLUSD
DBS partners with Franklin Templeton & Ripple to list sgBENJI and RLUSD for accredited investors.
- DBS adds sgBENJI and RLUSD to its Digital Exchange
- Franklin Templeton’s fund and Ripple’s stablecoin go live
- Accredited investors gain access to tokenized assets
DBS Bank, one of Asia’s leading financial institutions, is taking a major step forward in the world of digital finance. The bank has partnered with Franklin Templeton and Ripple to list two new digital assets—Franklin Templeton’s tokenized U.S. dollar money market fund, sgBENJI, and Ripple’s RLUSD stablecoin—on the DBS Digital Exchange (DDEx).
This move enables accredited and institutional investors to trade and lend using these assets, representing a significant step in integrating traditional finance with blockchain technology.
What Are sgBENJI and RLUSD?
sgBENJI is a tokenized version of Franklin Templeton’s U.S. dollar-denominated money market fund. This fund is backed by high-quality, short-term debt instruments and offers investors a secure and stable yield. By tokenizing the fund, Franklin Templeton allows for faster settlement times and easier accessibility on blockchain platforms.
RLUSD, on the other hand, is Ripple’s U.S. dollar stablecoin, pegged 1:1 to the USD. Stablecoins like RLUSD offer a reliable digital representation of fiat currency, making them ideal for trading, lending, and DeFi use cases.
With these additions, DBS continues to solidify its position as a forward-thinking institution in the digital asset ecosystem.
Why This Matters for Accredited Investors
The integration of sgBENJI and RLUSD on the DBS Digital Exchange is more than just a tech upgrade—it’s a gateway for institutional investors to gain exposure to digital assets that are backed by real-world value. Tokenized money market funds offer the benefit of stable returns with the added flexibility of blockchain. Similarly, RLUSD opens up new possibilities for liquidity and secure transactions in digital finance.
By supporting these assets, DBS is meeting the growing demand among accredited investors for compliant, trustworthy digital products within a regulated exchange environment.
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