Archax, Ripple Launch First Tokenized Money Market Fund on XRP Ledger
Ripple and Archax, an FCA-regulated firm, have joined forces to tokenize Abrdn’s $4.8 billion Liquidity Fund on the XRP Ledger.
XRP Holds Strong as Archax Unveils Tokenized Money Market Fund on XRP Ledger
Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets (RWAs) on the XRPL.
Ripple Launches First Tokenized Money Market Fund on XRP Ledger: A Milestone in Blockchain Finance
Ripple has taken a groundbreaking step by launching the first tokenized money market fund on the XRP Ledger. The fund, valued at $4.77 billion (£3.8 billion), is managed by asset manager Abrdn.
XRP Ledger sees first tokenized money market fund: More inside
Ripple has unveiled the launch of the first-ever tokenized money market fund on the XRP Ledger. This groundbreaking development features Abrdn’s $4.77 billion US Dollar Liquidity Fund.
Archax provides access to abrdn money market fund on the XRP Ledger in collaboration with Ripple
Archax has used Ripple’s digital assets custody solutions since 2022. As an increasing number of investors hold their tokenized money market fund units on the XRPL, Ripple Custody is drawing on its long history working with top-tier institutional customers and regulated entities to enable them to tokenize, store, exchange and move value.
Archax provides access to abrdn’s money market fund
Archax has provided access to a money market fund from abrdn, a UK asset manager, in tokenised form on the XRP Ledger (XRPL). The fund represents the first tokenised money market fund to enter the XRPL,
Ripple Collaborates with Archax to Tokenize Abrdn’s £3.8B Liquidity Fund on XRP Ledger
Ripple Collaborates with Archax to Tokenize abrdn’s £3.8B Liquidity Fund on XRP Ledger to drive new use cases to boost XRP price
Ripple, Archax debut first tokenized money market fund on XRP Ledger
Blockchain payments firm Ripple has announced the launch of the first tokenized money market fund on the XRP Ledger, comprising of asset manager abrdn’s $4.77 billion (3.8 billion British pounds) US dollar Liquidity Fund.
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.
Ripple partners with Archax to debut first tokenized money market fund on XRPL
Archax, in collaboration with Ripple, has enabled access to abrdn's US dollar Liquidity Fund as a tokenized asset on the XRP Ledger.
Breaking: Ripple Announces First Tokenized Money Market Fund on XRP Ledger
Ripple announces first tokenized money market fund on XRP Ledger in partnership with crypto exchange Archax and UK asset manager abrdn.
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Archax leverages blockchain to offer tokenized funds from State Street, Fidelity, and LGIM
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