Ripple has long been recognized as one of the most bank-connected networks in the web3 industry. With years spent building bridges between Ripple Payments and traditional finance.
Ripple’s ecosystem continues to expand with new institutional-grade partnerships, with Ripple joining forces with DBS Bank and Franklin Templeton, a global asset manager, to deliver trading and lending solutions powered by Ripple USD (RLUSD), on the XRP Ledger.
The collaboration marks another important step for Ripple’s long-term vision. By aligning with established players in banking and asset management, positioning RLUSD as a cornerstone for web3.
Investors can now earn yield by holding Franklin Templeton’s sgBENJI token on the DBS Digital Exchange using the RLUSD stablecoin.
Franklin Templeton’s sgBENJI, tokenized on the XRP Ledger and listed on DBS’s exchange, can be used to earn yield.
Franklin Templeton, having launched one of the first SEC-registered mutual funds on a public blockchain, also worked with Ripple to deploy tokenized money market funds on the XRP Ledger.
By combining Franklin Templeton’s asset management capabilities with DBS’s banking features, the initiative provides investors with access to a new class of tokenized products.
For Ripple, the integration of such products directly onto the XRP Ledger will give a big boost to the XRPL’s legitimacy when it comes to hosting tokenized products compared to competitors such as Stellar, Algorand, and Ethereum.
A critical element of this partnership is the use of RLUSD, Ripple’s US dollar–pegged stablecoin. Stablecoins are becoming major connective tissues in web3 finance, enabling everything from payments and remittances to DeFi and tokenized asset trading.
For RLUSD, adoption by major financial players like DBS and Franklin Templeton represents a strong endorsement of its current and near-future potential.
As tokenized money market funds gain traction on the XRP Ledger, RLUSD is likely to become the preferred liquidity and settlement token for these products.
This means greater utility for RLUSD, increased transaction volumes, and stronger trust in its stability, which will also be reflected in RLUSD’s market capitalization, which currently sits at $729M as of September 18, 2025.
From Lim Wee Kian, CEO of DBS Digital Exchange:
“Digital asset investors need solutions that can meet the unique demands of a borderless 24/7 asset class. This partnership demonstrates how tokenised securities can play that role while injecting greater efficiency and liquidity in global financial markets.”
Ripple has consistently focused on integrating with banks, payment providers, and asset managers. This approach creates a foundation of credibility and compliance, critical for onboarding institutions that manage billions in capital.
DBS, headquartered in Singapore, is known for embracing digital innovation and is a key banking partner in Asia.
Franklin Templeton brings global asset management expertise and has been open to tokenization on public blockchain networks. With Ripple, they are building solutions that are designed to support mainstream, mass adoption.
The significance of this partnership sets the stage for Ripple’s ecosystem to expand into lending, treasury management, and on-chain settlements, all powered by RLUSD.
With every banking partnership, the XRP Ledger and Ripple Payments become embedded in a financial system that’s set to adopt crypto.
With Ripple able to attract banks and asset managers into the Ripple ecosystem, RLUSD can quickly become one of the most utilized stablecoins, helping power everything from tokenized funds to cross-border payments.
Looking back, Ripple’s move to launch their own stablecoin instead of relying on USDC and USDT was a smart, competitive move that also benefits the XRP ledger as a whole.
The post How Franklin Templeton and DBS Bank Will Boost Ripple RLUSD Growth first appeared on AllinCrypto.
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