??Ripple Partners With Archax To Launch Tokenized Fund On XRP Ledger
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Ripple and Archax have launched a tokenized version of Abrdn's $3.8 billion Liquidity Fund on the XRP Ledger (XRPL). This marks the first tokenized money market fund on XRPL, leveraging blockchain technology to enhance financial transactions.
Key Points
?? Fund Tokenization: Ripple invested $5 million into tokens representing shares of Abrdn's Luxembourg-based fund.
?? Institutional Adoption: Archax uses XRPL’s infrastructure to tokenize assets, with Abrdn managing over ￡500 billion in assets.
?? Blockchain Benefits: XRPL provides scalability, compliance, and cost-efficiency, encouraging the tokenization of real-world assets.
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