First Tokenized Money Market Fund Launched on XRPL by Ripple, abrdn

• XRPL emerges as a leader in RWA tokenization with abrdn’s Liquidity Fund integration.
• Ripple invests $5M to boost institutional adoption of tokenized assets on the XRPL.
• Archax’s regulated platform enhances institutional access to tokenized money market funds.

Ripple, Archax, and abrdn have partnered to introduce the first tokenized money market fund on the XRP Ledger (XRPL). This collaboration shows the rising integration of blockchain into traditional finance.

The fund, part of abrdn’s $3.8 billion US dollar Liquidity Fund, demonstrates blockchain’s ability to enhance asset management. Leveraging XRPL’s infrastructure, the initiative aims to reduce costs, simplify settlement processes, and improve efficiency in financial markets.

XRPL Emerges as Hub for Tokenized Assets

XRPL has been establishing itself as a hub for real-world asset tokenization (RWAs). This new project aligns with their predictions that tokenized assets will reach a value of $16 trillion by 2030.

With compliance-ready features and cost-effective operations, XRPL is an ideal platform for institutional applications. Besides, its scalable framework is integrated with adv…

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