XRP Holds Strong as Archax Unveils Tokenized Money Market Fund on XRP Ledger

Barchart · 11/26 01:54

Archax has provided access to Abrdn’s U.S. dollar Liquidity Fund (Lux) in tokenized form on XRPL.

Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets (RWAs) on the XRPL.

XRP price jumped 6%, touching a high of $1.49 in the hours following the release, before paring gains in a market-wide drop.