Ripple and Archax Launch First Tokenized Money Market Fund on XRP Ledger (XRPL)

Archax, a UK-regulated digital asset exchange, broker, and custodian, has collaborated with Ripple Labs to tokenize a money market fund managed by abrdn on the XRP Ledger (XRPL). According to Ripple’s press release, this marks the first time a money market fund has been tokenized on the XRPL, further positioning the blockchain as a platform

Source: CryptoGlobe