Ripple has partnered with Archax, the FCA-regulated digital asset exchange in the UK, to launch a cryptocurrency money market fund on the XRP Ledger (XRPL). This fund, managed by the UK asset management company abrdn, is part of the £3.8 billion US Dollar Liquidity Fund.

This is the first time a cryptocurrency money market fund has been deployed on the XRPL blockchain. 🌐

Ripple expects to tap into the financial potential of cryptocurrency, with forecasts predicting the value of cryptocurrency assets to reach $16 trillion by 2030. The company has invested $5 million in tokens linked to the abrdn Lux fund to promote the adoption of blockchain technology in organizations. 📈