As per the release by DBS Bank dated September 18, 2025, it has joined hands with Franklin Templeton and Ripple to enable accredited and institutional investors with innovative trading and leading solutions.
With this development, DBS aims to open new opportunities for clients trading and lending opportunities through XRP Ledger, the RLUSD, and a tokenized money market fund.
The X post by Ripple dated September 18, 2025, notes that, “ 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.”
Banks continue to embrace crypto with blockchain firms
For the last several months, traditional banks have continued to enter the crypto market with partnerships with pre-existing companies in the market.
Prominent names such as Ally Bank entered the crypto market in alliance with Coinbase, JPMorgan Chase entered the evolving crypto market for cross-border payments, and others with ConsenSys, Chainlink, and Ondo Finance.
Also, USAA, Monzo, Goldman Sachs, Bank of America, U.S Bank, SBI Sumishin Bank, Deutsche Bank, BBVA, and Customer Bank have also tapped the evolving crypto sectors with pre-established companies like Coinbase, Ripple, Gemini, Binance, and OKX, with many others.
After the growing involvement of traditional banks and asset managers in the crypto market, there are now claims that the total capitalization of the market could tap $10 trillion in the next few years.
A quick overview of the crypto market
According to CoinMarketCap, the crypto market capitalization is $4.07 trillion, and the trading volume is $147.28 billion. The cap was recorded at $4.12 trillion on September 12.
The crypto fear and greed index is at 52, indicating neutrality, and the altcoin metric by CMC is 73/100. Bitcoin is trading at $116,571 with a slight surge of 1.34% in a week and nearly 2.39% in a month.
After a loss of 0.99% intraday, Ethereum reached $4,532, having a market capitalization of $547.09 billion, and trading volume is $31.3 billion, down by 32.88%.
The intraday gainers list has been led by Aster, which reached $0.5672 with a surge of 19.46% followed by Immutable, which added 14.52%. Near Protocol is trading at $3.20 after a growth of 9.90%.
MYX Finance lost 26.11% of its price, reaching $12.37, followed by Pump token, which lost 10.94% reaching $0.007139. Memecore is at $2.44 after a 10.20% loss.
