Archax, Ripple Launch First Tokenized Money Market Fund on XRP

Ripple

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Tokenization

Ripple will invest $5 million in tokens from Abrdn's Lux fund. This is part of a larger investment strategy by Ripple to support the tokenization of real-world assets on the XRP Ledger.

Last updated:

November 27, 2024 at 15:48 GMT+2

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Veronika Rinecker

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Veronika Rinecker

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Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

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Last updated:

November 27, 2024 at 15:48 GMT+2

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Archax, a cryptocurrency exchange regulated by the United Kingdom’s Financial Conduct Authority (FCA), has partnered with Ripple (XRP) to launch the first tokenized money market fund...

https://cryptonews.com/news/archax-ri...

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