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 💰
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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