Ripple, DBS Bank, Franklin Templeton Tap XRP Ledger to Launch Tokenized Repo Markets
Ripple has announced entering into a partnership with DBS Bank and Franklin Templeton to develop repo markets powered by tokenized collateral and stablecoins, marking a significant step in the institutional adoption of blockchain-based financial solutions.
The three firms have signed a memorandum of understanding (MoU) to introduce trading and lending products that leverage tokenized money market funds on the XRP Ledger and Ripple’s stablecoin, Ripple USD (RLUSD).
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First XRP-backed stablecoin launches on Flare
Ripple, DBS Bank, Franklin Templeton Tap XRP Ledger to Launch Tokenized Repo Markets
Ripple has announced entering into a partnership with DBS Bank and Franklin Templeton to develop repo markets powered by tokenized collateral and stablecoins, marking a significant step in the institutional adoption of blockchain-based financial solutions.
The three firms have signed a memorandum of understanding (MoU) to introduce trading and lending products that leverage tokenized money market funds on the XRP Ledger and Ripple’s stablecoin, Ripple USD (RLUSD).
Read More