According to the source, DBS, Franklin Templeton and Ripple are reported to be partnering to offer trading and lending solutions leveraging tokenized money market funds and the RLUSD stablecoin, pending official confirmation (source: the source). Ripple has publicly announced RLUSD as a USD-backed stablecoin to be issued on XRP Ledger and Ethereum, fully backed by cash, cash equivalents and short-term U.S. Treasuries for 1:1 redemption, establishing potential settlement rails for institutional transactions (source: Ripple, Apr 2024). Franklin Templeton operates the Franklin OnChain U.S. Government Money Fund with tokenized share records on a public blockchain, creating a precedent for using tokenized fund shares in digital markets (source: Franklin Templeton, Apr 2023 press release and fund documentation). DBS has built regulated digital asset infrastructure, including DBS Digital Exchange and participation in MAS Project Guardian tokenization pilots, which demonstrated on-chain collateral mobility and near-instant settlement for tokenized assets in institutional workflows (source: DBS corporate materials; Monetary Authority of Singapore Project Guardian updates, 2023–2024). From a trading perspective, if this collaboration is formally confirmed, it would align existing building blocks—tokenized money market fund shares and a fiat-backed stablecoin on XRPL/Ethereum—with regulated market venues, a setup that MAS pilots have shown can reduce settlement frictions and enable secured financing against tokenized high-quality collateral (source: Monetary Authority of Singapore Project Guardian industry updates, 2023–2024).