XRP Surges After Ripple Unveils First-Ever Tokenized Money Market Fund

Quick Summary:

Today, Ripple, the leading digital asset infrastructure provider, has teamed up with Archax, the first UK-based FCA-regulated digital marketplace, and asset manager ABRDN PLC to launch the first-ever tokenized money market fund on the XRP Ledger.

At the same time, its daily trading volume climbed by over 15.31% to $12.58 billion.

The token’s price hit $1.54, marking a rise of 17.56% in 24 hours.

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Article Details

Author / Journalist: Sarala

Category: Crypto

Markets: United Arab Emirates

Topics: Xrp Ripple XRP Ledger Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 13:52:56 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 206 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23839176

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 33 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

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