DBS, Franklin Templeton, Ripple team up to launch tokenized lending
DBS, Franklin Templeton and Ripple will offer tokenized trading and lending services on the XRP Ledger to attract institutional investors.
DBS, Franklin Templeton and Ripple have joined forces to roll out tokenized trading and lending services for institutional investors, built on the XRP Ledger and powered by tokenized money market funds and stablecoins.
The trio signed a memorandum of understanding (MOU) to help investors better manage market volatility by offering a way to shift funds between stablecoins and yield-generating assets, according to a Thursday announcement.
“Digital asset investors need solutions that can meet the unique demands of a borderless 24/7 asset class,” said Lim Wee Kian, CEO of DBS Digital Exchange. “This partnership demonstrates how tokenized securities can play that role while injecting greater efficiency and liquidity in global financial markets,” Kian added.
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