Ripple announces the launch of the first tokenized currency market fund on the XRP Ledger, marking a new milestone in on-chain asset management. This collaboration involves the UK-regulated cryptocurrency exchange Archax, which will be able to use abrdn's $4.77 billion liquidity fund. Ripple emphasizes that the tokenization of the abrdn fund demonstrates the trend of real-world assets (RWA) moving to blockchain, aiming to achieve cost savings in operations and improved settlement efficiency. This development injects optimism into the market, heralding the broad application potential of blockchain technology in the financial sector.