🇸🇬 #XRP DBS, Franklin Templeton and Ripple launch tokenized funds.

Singapore’s largest bank DBS has teamed up with Franklin Templeton and Ripple to offer institutions trading and lending through tokenized money market funds.

The following will appear on the DBS Digital Exchange:

#sgBENJI is a token of the Franklin Templeton dollar fund.

#RLUSD is Ripple’s stablecoin.

The main feature: sgBENJI can be used as collateral for loans (repo or through third-party platforms). For the first time, a tokenized asset will become a tool for obtaining liquidity in the banking system.

@Сryptoz ₿