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 of asset management company abrdn. Ripple has partnered with Archax, the UK's first regulated cryptocurrency exchange, broker, and custodian by the Financial Conduct Authority (FCA), which will be able to utilize abrdn's money market fund. In a statement on November 25, Ripple said that the tokenization of abrdn's $4.77 billion money market fund on XRPL indicates that RWA is being transferred on-chain for operational cost savings and increased settlement efficiency.

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