Golden Finance reports that Ripple has announced the launch of the first tokenized money market fund on the XRP Ledger. As a starting point, Ripple's XRP Ledger will tokenize the $4.77 billion liquidity fund managed by asset management company abrdn. Ripple has partnered with Archax, the UK's first cryptocurrency exchange, broker, and custodian regulated by the Financial Conduct Authority (FCA), which can use abrdn's money market fund. In a statement on November 25, Ripple said that the tokenization of the $4.77 billion money market fund on XRPL indicates that Real World Assets (RWA) are moving on-chain to achieve operational cost savings and improved settlement efficiency.

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