Ripple announces the launch of the first tokenized money market fund on the XRP Ledger. As a start, Ripple's XRP Ledger will tokenize asset management company abrdn's $4.77 billion liquidity fund. Ripple has partnered with Archax, the UK's first regulated cryptocurrency exchange, broker, and custodian by the Financial Conduct Authority (FCA), which can utilize abrdn's money market fund. Ripple stated in a declaration on November 25 that the tokenization of abrdn's $4.77 billion money market fund on the XRPL indicates that RWA is transferring on-chain to achieve operational cost savings and improved settlement efficiency.