Crypto payments firm Ripple has unveiled its inaugural tokenized money market fund in collaboration with FCA-regulated exchange Archax and UK asset manager abrdn. The fund will launch on the XRP Ledger (XRPL), marking a significant milestone for institutional decentralized finance (DeFi) and real-world asset (RWA) tokenization. Following the announcement, XRP surged 6%, trading at $1.49.
Key Developments in Ripple’s Tokenized Fund Initiative
Archax has integrated abrdn’s £3.8 billion US dollar Liquidity Fund (Lux) into the XRPL ecosystem, as confirmed by Ripple’s November 25 press release. This pioneering move positions XRPL as a premier blockchain for RWA tokenization, leveraging projected cost efficiencies in the $16 trillion tokenized assets market by 2030.
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Strategic Partnerships and Institutional Adoption
Ripple allocated $5 million to abrdn’s Lux fund tokens, signaling broader plans to onboard RWAs from multiple asset managers. Markus Infanger, SVP of RippleX, emphasized XRPL’s growing role in enhancing operational efficiencies through tokenization.
Archax expanded its offerings last week, adding tokenized funds from State Street, Fidelity International, and LGIM. These will debut on XRPL, Hedera, and Arbitrum.
Market Impact and XRP Price Action
- XRP Price: $1.49 (6% 24-hour gain)
- Trading Volume: Slight uptick, reflecting sustained trader interest
- Futures Open Interest: Record $2.60 billion
Whales acquired over 250 million XRP during the weekend, underscoring institutional confidence.
FAQ: Tokenized Funds on XRP Ledger
1. What is a tokenized money market fund?
A digitized version of traditional funds, enabling blockchain-based trading and settlement.
2. Why is XRPL suited for RWA tokenization?
Its speed, low costs, and institutional-grade infrastructure make it ideal for scaling tokenized assets.
3. How does this benefit XRP holders?
Increased utility and demand may drive long-term price appreciation.
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Note: This article is for informational purposes only. Conduct independent research before investing.
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