$3.8B Tokenized Fund Launches on XRPL
Ripple and Archax have made a big move that could change how institutional finance works. Together, they launched the first money market fund on the XRP Ledger (XRPL). It's based on a $3.8 billion liquid fund, and is a huge deal for anyone looking to add tokenized assets.
Major action by Ripple
This is not your everyday blockchain project. Ripple has invested $5 million in abrdn's Lux fund tokens, demonstrating its strong commitment to real-world asset (RWA) tokens. Archax, being a UK regulated exchange, adds the compliance and trust needed for institutional adoption. Ripple's XRPL technology brings efficiency with the aim of making financial transactions easier and cheaper.
Best part? This is the first token fund on XRPL. This means that the fund gets all the benefits of blockchain, such as faster settlement and less dependence on intermediaries. He is not only creative but a problem solver.
Why tokenized properties are a great deal.
Tokenized currencies are growing rapidly. They already manage more than $1 billion in assets, and experts believe this could rise to $16 trillion by 2030. Ripple, abrdn and Archax are ahead of the curve, setting the stage for how tokenized assets will work in the future.
And there is more. Duncan Moir, from Aberdeen, says this is not just about technology, it's about saving time and money. Moving funds through the chain means faster processes and fewer delays. Ripple's Marcus Enfanger agrees, calling XRPL a leader in helping institutions scale their operations.
What is expected next?
This partnership is just the beginning. As alternative assets continue to grow, more institutions may jump on board. Ripple and Archax are leading the way in showing how blockchain can revolutionize finance.
This is not just a win for Ripple. It's a statement. They're proving that blockchain isn't just about crypto — it's about changing the way money moves globally.