- Singapore’s DBS Group has partnered with Franklin Templeton and Ripple to launch trading and lending services using tokenised money market funds and RLUSD stablecoin.
- The collaboration enables accredited investors to swap between sgBENJI tokens and RLUSD on the XRP Ledger, creating new yield and credit opportunities.
- XRP has surged 600% following the end of the legal case between Ripple and the SEC, reaching US$3.04 and becoming the third-largest cryptocurrency by market cap at US$182 billion.
- New crypto ETFs including XRP and Dogecoin launched with US$54.7 million in first-day trading volume, marking the biggest ETF launch day of 2025 according to Bloomberg analysts.
Singapore’s DBS Group has partnered with Franklin Templeton and Ripple to launch trading and lending services featuring tokenised money market funds and Ripple’s RLUSD stablecoin.
The collaboration will allow accredited investors to swap between Franklin Templeton’s sgBENJI tokens and RLUSD, unlocking new yield opportunities and collateralised credit options.
Franklin Templeton will issue its sgBENJI token on the XRP Ledger (XRPL) to boost interoperability and accessibility across blockchains. The network’s speed, efficiency and low costs make it well-suited for managing high-volume tokenised money market funds, ensuring fast and reliable settlement for institutional investors.
Lim Wee Kian, CEO of DBS Digital Exchange, said investors “need solutions that can meet the unique demands of a borderless 24/7 asset class”, adding that the partnership “demonstrates how tokenised securities can play that role while injecting greater efficiency and liquidity in global financial markets”.
Related: Founders of Sydney-Headquartered IREN Cash Out $66M as Firm Becomes World’s Most Valuable Bitcoin Miner
SCE vs Ripple Brings Clarity for XRP
The ending of Ripple’s court case with the US Securities and Exchange Commission (SEC) has secured rare US regulatory clarity for XRP. Since the July 2023 ruling, XRP has added billions in value, while Ripple has been expanding globally and forming partnerships without the overhang of litigation.
Additionally, XRP traded around the 50 US cents mark back in 2023, and has since risen by 600%. Currently, XRP is the third-largest cryptocurrency by market capitalisation, with a total market value of US$182 billion (AU$275 billion). At the time of writing, XRP trades for US$3.04 (AU$4.60).
Analysts from CryptoPulse wrote on Crypto Twitter that the coin “could be gearing up for its next big breakout towards $5+”, adding that now is still a good entry point for those on the fence.
Related: Australia Grants Stablecoin Class Relief to Boost Digital Asset Innovation
XRPR Has Best 2025 ETF Start
This comes at a time when altcoin exchange-traded funds (ETFs) are creating a lot of excitement. For example, Grayscale just got approval for its Digital Large-Cap Fund (GDLC).
GDLC will offer access to a garden variety of digital assets, including Bitcoin, Ether, XRP, Solana and others.
At the same time, ETFs for Dogecoin (DOGE) and XRP have started trading in the US, raking in US$54.7 million (AU$82.9 million) on their first trading day.
Bloomberg Senior ETF Analyst, Eric Balchunas, said most ETFs make just under US$1 million (AU$1.5 million) on their first day. He added that XRPR just had the biggest launch day of all ETFs in 2025.
Related: Coinbase CEO Sees Strong Bipartisan Momentum for US Crypto Market Bill
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