Ripple has partnered with Archax Exchange and abrdn plc to expand RWA tokenization.
Blockchain platforms make the financial market transparent, efficient, and accessible.
Ripple has allocated $5 million into the tokenized abrdn fund.
Ripple has partnered with Archax Exchange and abrdn plc to expand its real-world assets (RWA) tokenization implementation to the mainstream. In a post on X, the Ripple Developer said the project wants to increase its $1 billion money funds market to $16 billion by 2030.
Through a Medium post, the Ripple Dev explained that tokenization on blockchain platforms like the XRP Ledger (XRPL) increases transparency, efficiency, and accessibility in the financial market. The Dev said partnerships, including those with Archax and abrdn, highlight the XRPL’s growing role in tokenization and make it a leader in institutional DeFi.
Archax CEO Graham Rodford noted that his exchange is a regulated custodian in the UK. He said that the partnership would enable the exchange to create a token for anything it can hold. Rodford’s statement highlighted the partnership’s potential to revolutionize the mainstream asset management industry.
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