Crypto payments firm Ripple on Monday announced its first tokenized money market fund in partnership with FCA-regulated crypto exchange Archax and UK asset manager abrdn. The tokenized money market fund will be available on the XRP Ledger (XRPL) blockchain. Traders reacted immediately as XRP price saw a 6% jump today. XRP News: Ripple, Archax Announces abrdn Fund Tokenization Archax has expanded its tokenized funds offering with UK asset manager…

CryptoPanic

Ripple and Archax launch tokenized fund on XRP Ledger

Archax has introduced a tokenized version of a money market fund offered by abrdn on the XRP Ledger (XRPL). The development came through a collaboration with Ripple. In a recent press release, the blockchain technology provider shared that the fund consists of abrdn’s $3.8 billion Liquidity Fund...

Ripple announced the launch of a tokenized money market fund on the XRP Ledger in partnership with Archax. It gave a super trend buy signal for the XRP Coin price. Read More:Hot Development: Ripple (XRP) Officially Entered the $16 Trillion Potential Market

Ripple, XRP Ledger üzerinde Archax ortaklığıyla tokenize edilmiş para piyasası fonunun başlatıldığını açıkladı. XRP Coin fiyatı için super trend alım sinyali verdi.Devamını Oku:Sıcak Gelişme: Ripple (XRP) 16 Trilyon Dolar Potansiyelli Pazara Resmen Girdi

CoinStats - Sıcak Gelişme: Ripple (XRP) 16 Trilyon Dolar ...

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CoinStats - Hot Development: Ripple (XRP) Hits $16 Trillion...

Ripple Labs and Archax unveil new tokenized fund on XRP Ledger

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XRP Ledger (XRPL) Hosts First Ripple-Backed Tokenized Fund

http://coinprofitnews.com

XRP Led`ger (XRPL) Hosts First Ripple-Backed Tokenized Fund

The partnership could accelerate the adoption of digital securities, transforming financial market infrastructure and enhancing efficiency. The post Ripple partners with Archax to debut first tokenized money market fund on XRPL appeared first on Crypto Briefing.

Crypto Briefing

Ripple partners with Archax to debut first tokenized money market fund on XRPL

Ripple has launched the first tokenized money market fund on the XRP Ledger (XRPL) through a partnership with UK-based firms Archax and Abrdn, according to a Nov. 25 statement. This initiative involves Abrdn managing the fund as part of its £3.8 billion US Dollar Liquidity Fund (Lux). Ripple has committed to investing $5 million in Abrdn’s Lux fund. The global RWA tokenization market is witnessing rapid growth, with McKinsey projecting it to exc…

CryptoSlate

Ripple launches first tokenized money market fund on XRP ledger through UK partnership

Coingape

Breaking: Ripple Announces First Tokenized Money Market Fund on XRP Ledger

Archax has introduced a tokenized version of a money market fund offered by abrdn on the XRP Ledger (XRPL). The development came through a collaboration with Ripple. In a recent press release, the blockchain technology provider shared that the fund consists of abrdn’s $3.8 billion Liquidity Fund (Lux). It is the first of its kind on the XRPL.  The arrangement adds to XRPL’s use case in tokenizing real-world assets and institutional decentralized…

Cryptopolitan

Ripple, a blockchain company, recently announced its partnership with Archax, a UK-based digital asset exchange, broker, and custodian. Archax introduced a tokenized version of abrdn’s US dollar Liquidity Fund (Lux) on the XRP Ledger (XRPL). This launch marks the first tokenized money market fund available on XRPL, a blockchain platform increasingly recognized for supporting real-world asset (RWA) tokenization and institutional decentralized fin…

coinbuzzfeed.com

"Ripple And Archax Introduce Tokenized Money Market Fund On XRPL, Signalling Growing Institutional Interest In Blockchain Applications"

Ripple and Archax have just taken a big step that could change the functioning of institutional finance. Together, they launched the first fund of the Tokenized Monetary Market at XRP Ledger (XRPL). It is based on the US$3.8 billion abrdn Liquidity Fund, and is a big business for anyone who [...] Entry Launches a $3.8 billion Tokenized Fund at XRPL was first published in The Cryptocurrency.

Ripple y Archax acaban de dar un gran paso que podría cambiar el funcionamiento de las finanzas institucionales. Juntos, lanzaron el primer fondo del mercado monetario tokenizado en XRP Ledger (XRPL). Se basa en el Fondo de Liquidez de $3.8 mil millones de dólares estadounidenses de abrdn, y es un gran negocio para cualquiera que […] La entrada Se lanza un fondo tokenizado de 3.800 millones de dólares en XRPL se publicó primero en La Criptomoned…

Breaking: Ripple Announces First Tokenized Money Market Fund on XRP Ledger

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