Ripple Labs launched the first tokenized money market fund on the XRP Ledger in partnership with Archax and abrdn. Archax provided access to abrdn's liquidity fund (£3.8 billion) in tokenized form, reducing costs and improving settlements. Ripple invested $5 million in the fund, strengthening XRPL as a platform for tokenizing real assets and institutional DeFi.
11/26/2024 12:19:39 PM (GMT+1)
Ripple launched the first tokenized money market fund on the XRP Ledger with Archax and abrdn, attracting £3.8 billion and investing $5 million in DeFi 💰
673
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
The Cardano Foundation enters into a strategic partnership with SERPRO to implement blockchain technologies in Brazil's public sector and train 8,000 employees
Franklin Templeton launches an ETF tracking the price of the cryptocurrency XRP, reflecting the growing interest in digital assets and expanding opportunities for investors
Utah removed the creation of a Bitcoin reserve fund from the HB230 bill, which now focuses on protecting the rights of miners and digital asset owners
The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)
OKX receives the MiFID II license to launch derivative products in Europe, expanding offerings for institutional clients and highlighting commitment to strict regulatory standards
The Indian district of Dantewada digitized 700,000 land records, securing them using the Avalanche blockchain to enhance transparency and prevent forgery
The US has begun returning Chinese cryptocurrency mining machines after their confiscation due to security regulations and trade sanctions against China
