Dollar

2024

Future

<h4><strong>Ripple and Archax launched the first-ever tokenized fund on <a href="https://xrpl.org/" target="_blank" rel="noopener noreferrer nofollow">XRP Ledger (XRPL)</a>. This groundbreaking move is due to Abrdn’s $3.8 billion US Dollar Liquidity Fund. </strong></h4>
<p>If you’re following the rise of tokenized assets, this is huge. Ripple is showing that blockchain isn’t only about crypto—it’s about transforming how money works. Let’s break it down and see why this matters. Big things are happening in the world of finance. The launch of tokenized funds on XRP is a big move.</p>
<h5><strong>Ripple’s Big Step into Tokenization</strong></h5>
<p>This isn’t your typical blockchain experiment. <a href="https://x.com/Ripple" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> is all-in, investing $5 million into ABRDN’s Lux fund tokens to show its commitment to <a href="https://www.altcoinbuzz.io/?s=real-world+asset+%28RWA%29+tokenization" target="_blank" rel="noopener noreferrer nofollow">real-world asset (RWA) tokenization</a>. And they’re not doing this alone. <a href="https://x.com/ArchaxEx" target="_blank" rel="noopener noreferrer nofollow">Archax</a>, a UK-regulated exchange, brings credibility and compliance to the table, making this move attractive to institutional investors.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Today, in partnership with <a href="https://twitter.com/ArchaxEx?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ArchaxEx</a> and <a href="https://twitter.com/abrdn_plc?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@abrdn_plc</a>, we’re excited to announce the first tokenized money market fund on the XRP Ledger.</p>
 <p>With $16T in tokenized assets projected by 2030, this milestone unlocks cost savings and settlement efficiencies by deploying capital markets…</p>
 <p>— Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1860995969375990069?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>This <a href="https://www.altcoinbuzz.io/?s=tokenized+fund" target="_blank" rel="noopener noreferrer nofollow">tokenized fund</a> uses XRPL to enjoy the blockchain’s efficiency. It enables faster and cheaper transactions with fewer intermediaries. This is the first tokenized fund on XRPL, and it’s solving real-world problems like slow settlements and high transaction costs.</p>
<h5><strong>Why Tokenized Funds Are the Future</strong></h5>
<p>Tokenized assets are taking off. Over $1 billion is currently in tokenized funds, but experts think this number could hit $16 trillion by 2030. That’s massive! Ripple, Archax, and <a href="https://x.com/abrdn_plc" target="_blank" rel="noopener noreferrer nofollow">abrdn</a> are getting ahead of the curve, showing how tokenized funds on XRP can reshape finance.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f50e.png" alt="🔎" class="wp-smiley" style="height: 1em; max-height: 1em;"> INSIGHT: Tokenized assets could reach $16.1 trillion by 2030.</p>
 <p>Project Guardian, led by Singapore’s MAS and finance industry, explores asset tokenization potential. <a href="https://t.co/aAHJjVFYMW" rel="noopener noreferrer nofollow">pic.twitter.com/aAHJjVFYMW</a></p>
 <p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1859020248537538837?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 19, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Duncan Moir from abrdn put it perfectly: This isn’t only about fancy tech—it’s about making finance quicker and cheaper. Capital inflows within the chain make the process more efficient and less time-consuming. Institutional scaling is the next efficiency level, according to Ripple’s own <a href="https://x.com/markusinfanger" target="_blank" rel="noopener noreferrer nofollow">Markus Infanger</a>, who labeled XRPL ‘revolutionary.’</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Another step forward!</p>
 <p>The more high quality assets we have tokenized on high quality protocols, the quicker we’re going to see adoption at scale.</p>
 <p>Thanks to <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> and <a href="https://twitter.com/ArchaxEx?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ArchaxEx</a> for taking this step with us. <a href="https://t.co/1N2Lx132SP" rel="noopener noreferrer nofollow">https://t.co/1N2Lx132SP</a></p>
 <p>— Duncan Moir (@duncanmmoir) <a href="https://twitter.com/duncanmmoir/status/1861104493477134616?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2024</a></p>
</blockquote>
<p>This is only the beginning. The example of tokenized funds demonstrates that as more institutions understand the advantages of applying this type of product, their number will only grow. Ripple and Archax show that blockchain is not a hype but a technology to disrupt the financial industry.</p>
<p><img decoding="async" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg"></p>
<p><iframe title="Be ALERT Crypto Holders! Old Altcoins Are Making a Come back | ADA SAND XLM and more" width="696" height="392" src="https://www.youtube.com/embed/LmrhhgTlDbQ?start=1&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/archax-launches-3-8b-tokenized-fund-on-xrp/" rel="noopener noreferrer nofollow">Archax Launches $3.8B Tokenized Fund on XRP</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Archax Launches $3.8B Tokenized Fund on XRP

Altcoin Buzz

Other articles published on Nov 26, 2024

Swan Bitcoin sues its lawyers for picking up Tether as client

Mercado Bitcoin Launches MBRL Stablecoin Pegged to Brazilian Real on the TRON Blockchain

South Korean Investors Forgot About Bitcoin and Ethereum! They Turned to These Four Altcoins That...

The Best Cryptocurrencies to Invest in November for Unmatched Returns in 2025

Nodepay: Revolutionizing Online Payment Solutions

WisdomTree Registers in Delaware for XRP ETF

Join our free newsletter for daily crypto updates!