TechFlow reported on November 26 that, according to Cointelegraph, Ripple has announced a collaboration with Archax, the UK's first FCA-regulated cryptocurrency exchange, to tokenize abrdn's $4.77 billion dollar liquidity fund on the XRP Ledger. This marks the first tokenized money market fund on the network.
Ripple will invest $5 million to purchase tokens of the fund. According to Boston Consulting Group, the market for tokenized real-world assets is projected to reach $16 trillion by 2030.




