🚨🚨Ripple and Archax Launch Tokenized Money Market Fund on XRPL🚨🚨
Ripple, in collaboration with Archax and abrdn, has unveiled the first-ever tokenized money market fund on the XRP Ledger (XRPL). This initiative highlights blockchain’s ability to streamline institutional finance and enhance efficiency.
Key Highlights
• The Fund: Part of abrdn’s £3.8B US Dollar Liquidity Fund (Lux), leveraging blockchain for cost reduction and faster settlements.
• Ripple’s Role: Ripple invested $5M into the fund, showcasing XRPL’s scalability for institutional-grade DeFi.
• Archax Collaboration: Builds on a prior agreement to tokenize hundreds of millions of RWAs on XRPL.
The Future of Tokenization
The tokenized asset market is projected to hit $16T by 2030, with growing demand for blockchain solutions. Ripple and Archax aim to simplify access to tokenized assets, such as equities and debt, through secure and scalable blockchain infrastructure.
This launch reinforces XRPL’s leadership in real-world asset tokenization, paving the way for broader blockchain integration in institutional finance.
