Singapore-based DBS Group has forged a strategic partnership with US asset manager and crypto exchange-traded fund (ETF) issuer Franklin Templeton, alongside Ripple, to enhance trading and lending services for accredited and institutional investors.

In a press release issued on Thursday, Ripple announced that the collaboration would utilize tokenized money market funds (TMMFs) and the blockchain payment firm’s stablecoin, RLUSD, to provide new financial solutions.

DBS Explores Liquidity Solutions With sgBENJI Tokens

Under this agreement, DBS Group, Singapore’s largest lender, will list Franklin Templeton’s sgBENJI token, which represents the asset manager’s tokenized US dollar money market fund, on the DBS Digital Exchange.

This partnership marks a new milestone in the maturation

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