BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Ripple and Archax Launch First Tokenized Money Market Fund on XRP Ledger

by Drop Gorn
November 26, 2024
in CRYPTO
Reading Time: 3 mins read
A A
4
SHARES
67
VIEWS
Share on XShare in TelegramShare on Reddit
  • Ripple has tokenized asset manager abrdn’s $4.77 billion US dollar Liquidity Fund on XRP Ledger, the first money market fund of its kind on its blockchain.
  • The tokenization was made possible through Ripple’s partnership with Archax, the UK’s first FCA-regulated cryptocurrency exchange, broker, and custodian.
  • Only professional investors will have access to abrdn’s money market fund on XRPL through Archax’s tokenization platform, and Ripple will allocate $5 million into tokens on the fund.

Ripple, the blockchain payments company, has partnered with Archax, a regulated cryptocurrency exchange and custodian, to launch the first tokenized money market fund on the XRP Ledger. This new tokenized fund comprises asset manager abrdn’s $4.77 billion US Dollar Liquidity Fund.

Details on the New Tokenized Fund

The tokenization of abrdn’s $4.77 billion money market fund on XRPL demonstrates how more real-world assets (RWAs) are moving on-chain to unlock operational cost savings and settlement efficiencies, according to Ripple.

Abrdn’s senior investment manager Duncan Moir said “real benefits” can be realized by leveraging the efficiency of moving the end-to-end investment and cash settlement process on-chain.

Initially, only professional investors will have access to abrdn’s money market fund on XRPL through Archax’s tokenization platform. Ripple will also allocate $5 million into tokens on abrdn’s US Dollar Liquidity Fund.

Ripple’s Broader RWA Strategy

This new tokenized fund is part of Ripple’s broader strategy to capture more of the $16 trillion RWA market that Boston Consulting Group estimates will exist by 2030.

Tokenized money market funds alone currently account for over $1 billion in assets under management, led by the BlackRock USD Institutional Digital Liquidity Fund at $443.9 million.

According to Archax CEO Graham Rodford, “There is now real momentum building for tokenized real-world assets.”

Competition in the RWA Space

Ripple’s biggest competitors in the RWA space are Ethereum and Stellar, which have tokenized $30.7 billion and $3.862 million worth of RWA assets respectively.

Government securities, including money market funds and commodities, are the most tokenized RWAs (not including fiat-collateralized stablecoins) at $22.8 billion and $11.4 billion.

Tags: $XRPArchaxblackrockBoston Consulting GroupDuncan MoirrippleXRPL
Tweet1ShareShare
Previous Post

Crypto Market Rollercoaster: XLM, HBAR, and XTZ Soar, Memecoins Dive

Next Post

Dogecoin Foundation Seeks Backing to Fuel 2025 Plans

DON'T MISS THESE! HOT OFF THE PRESS

Here’s Why Dogecoin’s Jumping Again Today
CRYPTO

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?
CRYPTO

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Load More

Related News

Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.