DBS, Franklin, Ripple Launch Tokenized Lending on XRP Ledger

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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…



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DBS, Franklin, Ripple Launch Tokenized Lending on XRP Ledger


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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