Ripple, Franklin Templeton and DBS connect and tokenize cash funds on the book XRP
Tokenization on the book XRP. The cryptocurrency sector becomes A privileged playground for actors of traditional financing. Dynamics widely supported by the tokenization of their assets, such as Franklin Templeton asset manager, which connects to Ripple and DBS Bank to develop the Digital Monetary Fund (IMF). All based on XRP Ledger.
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- Franklin Templeton has signed a partnership with Ripple and DBS to launch the offer of digital cash funds based on the XRP book.
- This project offers innovative institutional investors solutions, which makes it easy to manage its portfolios and face the volatility of the cryptocurrency market.
Ripple and Franklin Templeton
Asset manager Franklin Templeton It is very active in the cryptocurrency sector, with several requirements for ETF from SEC. AND dynamic it continues partnership Signed with Wave and the bank Dbs.
In the Program Implementation of the Offer Digital cash funds (IMF) based on network XRP Ledger. Convergence aimed at offering institutional investors “Innovative Trading and Loan Solutions”How to read in a press release. That to allow them to allow them easier to manage their portfolios Digital assets.
Because the latter are often exposed to the volatility of the cryptocurrency marketwithout being able to generate the yield from your funds:
“Investors in digital active substances need a solution capable of meeting unique requirements of assets without borders 24/7. This partnership shows how tokenized titles can play this role and at the same time injections of greater efficiency and liquidity in global financial markets. »»
LIM WEE KIAN, CEO of DBS Digital Exchange – Source: Press Release
MMF token in XRP Ledger network
In fact, this cooperation will allow DBS Digital Exchange (DDEX) Design token sgbenji associated with Tokenized cash funds Franklin onchain US DOLLAR Short -term money market fund. This is to enable its eligible customers re -balance their portfolios In a few minutes to a relatively stable asset income generation during a period of volatility.
In parallel will be Franklin Templeton Tokenize sgbenji on the book XRP. That for the purpose of “Strengthen interoperability between the network, allowing greater availability between different channels and participants of the Blockchain ecosystem”. And on the part of the company management, we believe in the benefits of these new financial technologies:
“We believe that blockchain and tokenization will unlock strong new cases that have the potential to transform the global financial ecosystem. Using Franklin Templeton in Blockchain technologies and digital asset we are pleased to be associated with DBS and ripple offering trading and advanced solutions for loans.
Roger Bayston, responsible for the Numperial active ingredients Dhez Franklin Templeton – Source: Press Release
The active manager Franklin Templeton therefore continues his crypto adventure with another important player in the ecosystem named Ripple. And barely a few days after the partnership announcement With a world leader in crypt platforms: binance. Other important features of the interest of traditional financing for tokenization of financial assets.
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