Ripple is making waves with the launch of the first tokenized money market fund on the XRP Ledger, thanks to a partnership with Archax and asset manager abrdn. This $4.77 billion fund is a step towards bringing real-world assets on-chain, promising cost savings and efficiency. Only professional investors can dive into this pool, but Ripple's $5 million token allocation hints at a splashy future. With competitors like Ethereum and Stellar in the race, the tokenized asset market is heating up. Meanwhile, XRP is riding high, up 27.9% to $1.43! 🚀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.