🚀 Ripple has just launched the first tokenized money market fund on the XRP Ledger with a liquidity fund of 4.77 billion USD from abrdn!

- This was made possible through a partnership with Archax, a cryptocurrency exchange licensed by the FCA in the UK.

- Tokenization helps reduce costs and increase payment efficiency.

- Only professional investors can access this fund through Archax.

Ripple invested 5 million USD in abrdn's liquidity fund, targeting a 16 trillion USD market by 2030!

- The tokenized fund currently manages over 1 billion USD, led by BlackRock with 443.9 million USD.

- Ripple's major competitors in RWA are Ethereum and Stellar.

XRP rose 27.9% in the past week, reaching 1.43 USD! 📈

What do you think about the trend of tokenizing real assets? Comment below! 💬