DBS, Franklin Templeton, and Ripple launch tokenised money market fund on blockchain

A Singapore bank, a major US asset manager, and blockchain firm Ripple partnered in September 2025 to offer institutions a money market fund tokenised on the XRP Ledger. Institutional investors gain intraday settlement and collateral mobility—eliminating the T+1/T+2 clearing delays of traditional funds. The product wraps short-duration government securities and commercial paper in blockchain-native tokens, targeting treasury managers and family offices managing liquidity across borders.