The Licuido platform and infrastructure combines asset tokenisation, safe digital custody and repo interoperability via a bespoke legal and technical solution.
Introducing the next building block of onchain markets – we’re partnering with @DBSbank and @FTI_Global to establish repo markets powered by tokenized collateral and stablecoins: https://t.co/pVN7Nzd9pU
Investors will be able to use $RLUSD to trade for Franklin Templeton’s money market fund, sgBENJI, tokenized on the XRP Ledger, and listed on DBS’s digital exchange, earning yield and opening new liquidity venues.
Institutional momentum is building onchain.
Repo transaction volume is well into the 10s of trillions globally (nearly $12T in the US in 2024 itself) – and @DBSbank, @FTI_Global and Ripple will together enable the first-ever repo trade for a tokenized money market fund with RLUSD, a regulated, stable and liquid mode of exchange.
What makes a stablecoin truly useful? Infrastructure.
As @_JackMcDonald_ highlights, interoperability, transparency, and scale all underpin this usability as infrastructure. https://t.co/8ppVYvb4h7
And $RLUSD was built on these principles: an enterprise-grade, fully backed solution designed to serve the global economy.