Investors can earn yield by acquiring Franklin Templeton’s sgBENJI token on DBS Digital Exchange using Ripple’s RLUSD stablecoin
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DBS will explore enabling sgBENJI tokens to be used as collateral to obtain credit from the bank or third-party platforms
Singapore, 18 September 2025 – DBS, Franklin Templeton and Ripple are partnering to provide accredited and institutional investors with innovative trading and lending solutions, powered by tokenised money market funds[1] on the XRP ledger blockchain and stablecoins such as Ripple USD (RLUSD).
This partnership – formalised with the signing of a memorandum of understanding – brings together the unique strengths of one of Asia’s largest financial institutions, a global investment manager and the leader in enterprise blockchain and cryptocurrency solutions. It marks a new milestone in the growing maturation of the digital asset ecosystem, which is already seeing greater interest from institutional investors allocating to the asset class – some 87% of institutional investors expect to make investments into digital assets in 2025[2].
IMPORTANT INFORMATION
The Franklin OnChain U.S. Dollar Short-Term Money Market Fund is a money market fund (Sub-Fund Registration No.: T24VC0111E-SF001). The purchase of a Share in this Sub-Fund is not the same as placing funds on deposit with a bank or deposit-taking company. Although the Manager/Sub-Manager may seek to maintain or preserve the principal value of this Sub-Fund, there can be no assurance that this Sub-Fund will be able to meet this objective. This Sub-Fund is not a guaranteed fund, in that there is no guarantee as to the amount of capital invested or return received. The assets and liabilities of the Franklin OnChain U.S. Dollar Short-Term Money Market Fund are segregated in accordance with section 29 of the Variable Capital Companies Act 2018.
This material is intended to be of general interest only and should not be construed as investment advice. It does not constitute legal or tax advice and it is not an offer for shares or an invitation to apply for shares in the Sub-Fund(s) (“Shares”) under Franklin Templeton Investments VCC (the “Company”), a variable capital company incorporated in Singapore on T24VC0111E with variable capital and limited liability. For the avoidance of doubt, if you make a decision to invest, you will be buying units/shares in the Fund and will not be investing directly in the underlying assets of the Fund.
This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Past performance is not necessarily indicative nor a guarantee of future performance of the Fund. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated in a foreign currency, your performance may also be affected by currency fluctuations. Franklin Templeton ("FT") shall not be liable to any user of this document or to any other person or entity for the inaccuracy of information or any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission. Any opinions expressed are the author's at publication date and they are subject to change without prior notice. Any research and analysis contained in this marketing material has been procured by FT for its own purposes and is provided to you only incidentally. Data from third party sources may have been used in the preparation of this document and FT has not independently verified, validated or audited such data. References to particular industries, sectors or companies are for general information and are not necessarily indicative of the Fund's holding at any one time. No shares of the Fund may be directly or indirectly offered or sold to residents of the United States of America. Shares of the Fund are not available for public distribution in all jurisdictions and prospective investors should consult their financial advisor before deciding to invest. The Fund may invest in shares of other short-term MMFs which may entail specific risks more fully described in the Fund's Prospectus and, where available, the relevant offering documents. Subscriptions to shares of the Fund should only be made on the basis of the Fund’s current Prospectus, and, where available, the relevant offering documents.
Subscriptions may only be made on the basis of the most recent Prospectus and Product Highlights Sheet which is available at Templeton Asset Management Ltd or authorised distributors of the Fund. Potential investors should read the details of the Prospectus and Product Highlights Sheet before deciding to subscribe for or purchase the Fund. This shall not be construed as the making of any offer or invitation to anyone in any jurisdiction in which such offer is not authorised or in which the person making such offer is not qualified to do so or to anyone to whom it is unlawful to make such an offer.
Investors may wish to seek advice from a financial adviser before making a commitment to invest in shares of the Fund. In the event an investor chooses not to seek advice from a financial adviser, he/she should consider whether the Fund is suitable for him/her.
© 2025 Franklin Templeton. All rights reserved.
Issued in Singapore by Templeton Asset Management Ltd. Registration No. (UEN) 199205211E.