XRP Ledger Powers Ripple’s Groundbreaking Tokenized Money Market Fund
Ripple has partnered with Archax, a FCA-regulated digital asset exchange, to launch the first-ever tokenized money market fund on the XRP Ledger (XRPL).
The fund is part of Abrdn’s £3.8 billion U.S. Dollar Liquidity Fund and highlights XRPL’s expanding role in real-world asset (RWA) tokenization and decentralized finance (DeFi). This collaboration aims to reduce operational costs and improve settlement efficiency in capital markets.
Ripple has invested $5 million into Abrdn’s tokenized Lux fund, reflecting increasing demand for blockchain-based financial solutions, with institutional buyers now able to access the fund directly through Archax’s platform.
Clever Robot News Desk 26th November 2024
