Ripple has announced the launch of the first tokenised money market fund on the XRP Ledger, in collaboration with UK-based investment company Abrdn and digital asset exchange Archax. This initiative is part of XRPL's strategy to become a leading platform for real-world asset (RWA) tokenisation and institutional DeFi. Ripple plans to tokenise $5 million of Abrdn's Lux fund, marking a significant step towards operational cost savings and settlement efficiencies. The move aligns with forecasts predicting the real-world tokenisation market could reach $16 trillion by 2030.
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