Big news for XRP! Ripple has completed a $16 trillion tokenization event on XRPL!
Hey, everyone, XRP has ushered in a big turning point! $16 trillion, you heard it right, that's it! This is a big change in the rules of the game for XRP!
Ripple has recently done a big thing, teaming up with Archax and abrdn, a large British asset management company, to launch the first tokenized money market fund on the XRP ledger (XRPL). This is not an easy thing, it can rewrite the financial ecosystem and make XRP stand more firmly in the digital asset world.
Talking about this cooperation, abrdn's 3.8 billion pounds of US dollar liquidity fund (Lux) is being tokenized on XRPL. This is the first time that a tokenized money market fund has been connected to a decentralized blockchain network, and the operation of the capital market will be more efficient and cost-effective in the future.
With the powerful background of XRPL, this cooperation is to simplify the process, reduce prices, and make it easier and more efficient for large institutions to obtain financial services.
The impact of tokenized assets is huge. By 2030, tokenized assets will rise to 16 trillion US dollars! Traditional assets such as stocks and real estate can all be turned into digital tokens on the blockchain. Ripple-XRPL is to push XRP to the forefront of this digital transformation. In the next few years, this token will be popular!
The price of XRP also rose, up 11.5% to 2.64 US dollars. Everyone was optimistic when they saw Ripple's strategy. However, the price fluctuated a bit, and then fell a little, but this is the market, a natural reaction. This fluctuation also gives investors who are optimistic about Ripple in the long term a good opportunity to buy.
Ripple's step is to go beyond the application scope of traditional cryptocurrencies. Once it cooperates with abrdn, XRP has become a mainstream digital asset and has practical uses in the financial field. Now, traditional finance is undergoing a major change, and blockchain is becoming more and more popular. Ripple integrates tokenized assets into XRPL to narrow the distance between traditional finance and cryptocurrency.
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