Ripple announced the launch of a tokenized money market on $XRP Ledger in partnership with FCA-regulated cryptocurrency exchange Archax. This information appeared in the company's press release.
The new tokenized fund was created based on a money market managed by the British company abrdn, with assets totaling $3.8 billion. This is the first such fund launched on the XRP Ledger.
The head of the abrdn fund, Duncan Moir, noted that the use of blockchain technology simplifies settlements and the investment process. Ripple added that the tokenization of real assets could lead to improved operational processes.
