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

Quick Summary:

Ripple and Archax have achieved a significant milestone in financial innovation by launching the UK’s first tokenized money market fund on the XRP Ledger (XRPL).

The initiative involves tokenizing a portion of abrdn’s $3.8 billion US Dollar Liquidity Fund (Lux), marking a crucial step toward blockchain integration in traditional finance.

The implementation leverages XRPL’s comprehensive features, including tokenization, trading, and escrow capabilities.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab EmiratesUnited States

Topics: Xrp Investing News Ripple Editors News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 20:55:47 (22 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 267 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23871454

View Article Analysis

About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 11 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

Frequently Asked Questions