Ripple Teams Up with Archax and ABRDN PLC for First Tokenized Fund on XRP Ledger!

Ripple Teams Up with Archax and ABRDN PLC for First Tokenized Fund on XRP Ledger!

Ripple Announcement

The post Ripple Teams Up with Archax and ABRDN PLC for First Tokenized Fund on XRP Ledger! appeared first on Coinpedia Fintech News

Ripple has teamed up with Archax, a UK-based FCA-regulated digital marketplace, and ABRDN PLC to launch the first-ever tokenized money market fund on the XRP ledger. This collaboration comes as XRP, Ripple’s native cryptocurrency, has seen a significant surge in price, gaining almost 200%. Following the announcement, XRP’s value soared to $1.49, marking a 33% increase in just one week. This move highlights Ripple’s growing influence and the expanding use of tokenized assets in the cryptocurrency industry.

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