SINGAPORE, Sept 18 (Reuters) - DBS Group has

partnered with U.S. asset manager Franklin Templeton and

blockchain firm Ripple to offer accredited and institutional

investors trading and lending services using tokenised money

market funds and Ripple's U.S. dollar stablecoin.

Under the agreement, Singapore's biggest lender said that it

will list Franklin Templeton's sgBENJI token - the unit of the

asset manager's tokenised U.S. dollar money market fund - on the

DBS Digital Exchange alongside Ripple's RLUSD stablecoin.

The setup will allow eligible investors to swap between the

two and earn yield, the bank said in a statement.

"This partnership demonstrates how tokenised securities can

play that role while injecting greater efficiency and liquidity

in global financial markets," Lim Wee Kian, DBS Digital Exchange

CEO, said in the statement.

DBS said that it also plans to explore allowing clients to

use sgBENJI tokens as collateral for credit, either via bank-run

repurchase transactions or through third-party platforms where

DBS would act as the agent holding the pledged collateral.

Franklin Templeton will issue the tokens on Ripple's XRP

Ledger blockchain, according to the statement.