Bill Morgan’s swift reaction on X—“Sorry, there is more good news” followed by the laughing comment, “Sub-$3.00 coming 🤣”—captured the upbeat mood that swept the market after Ripple announced a landmark partnership with DBS Bank and Franklin Templeton.
The collaboration will bring repo markets and tokenized money-market trading to the XRP Ledger. Morgan, a well-known legal analyst in the crypto space, posted his remark directly after Ripple’s release and the partners’ statements.
Deal Details and Mechanics
Franklin Templeton will issue a tokenized money-market fund unit, sgBENJI, on the XRP Ledger. DBS will list sgBENJI alongside Ripple’s RLUSD stablecoin on the DBS Digital Exchange. The three firms explore repurchase agreements and custody models that allow tokenized collateral to serve as credit and short-term funding.
DBS confirmed it may accept sgBENJI as repo collateral. According to Lim Wee Kian, CEO of DBS Digital Exchange, the initiative demonstrates the potential of tokenized securities to bring enhanced efficiency and liquidity to markets worldwide, highlighting their transformative impact. It also highlights strong institutional interest.
Sorry there is more good news
Tokenised money markets to facilitate lending and trading solutions on the XRPL partnering with DBS and Franklin Templeton.
You can’t make this up.
Sub-$3.00 coming 🤣 https://t.co/mC2P4cPWrL pic.twitter.com/EoG5eWjNfa
— bill morgan (@Belisarius2020) September 18, 2025
Why Institutional Tokenization Matters
Bringing money-market exposure onto blockchain technology reduces settlement inefficiencies. It also enables these assets to interact seamlessly with stablecoins, lending platforms, and exchange-traded digital assets, fostering greater integration and functionality. This composability enables programmable yields and can shorten settlement cycles for institutional cash management.
The DBS–Franklin–Ripple collaboration is viewed by analysts as part of a larger trend toward tokenization, promising to boost liquidity and operational effectiveness in capital markets.
Context and Trendline
The partnership follows a steady increase in tokenization projects by major asset managers and global banks, reinforcing a broader shift toward digital representations of cash and short-duration instruments.
Regulators and market infrastructure providers are also rolling out frameworks to support safe institutional adoption, signaling that on-chain money markets are transitioning from pilot projects to mainstream use.
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Price Implications and Market Sentiment
Morgan’s “Sub-$3.00” remark—made while XRP was already trading near $3.10—is clearly tongue-in-cheek. By joking about a dip below a round number during such bullish news, he was mocking persistent skeptics, not predicting a collapse. The laughing emoji underscores the sarcasm and signals his confidence that prices are more likely to climb than fall.
His comment is also a sentiment gauge. It reflects growing belief that institutional adoption and new liquidity paths—especially pairing RLUSD with sgBENJI on DBS—could reshape demand for XRP and shift focus from legal risk to practical utility.
Traders interpret this as suggesting that any brief move under $3 would be quickly bought, while the broader trajectory remains higher, depending on execution, custody approvals, and actual trading volumes.
What to Watch Next
Investors are now watching for the official issuance and listing of sgBENJI on the DBS Digital Exchange, the rollout of repo functionality, and early trading volumes that would confirm institutional uptake. If these milestones unfold as planned, Morgan’s light-hearted post could prove prophetic—signaling a market poised for sustained growth rather than a fleeting rally.
Ripple’s announcement marks a significant institutional milestone, moving tokenized cash instruments from concept to tradable, yield-bearing products. Morgan’s playful response captures how swiftly market narratives can change when tangible adoption begins to take hold.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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