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Reading: Ripple Launches Tokenized Money Market Fund on XRP Ledger
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COINTURK NEWS > Ripple (XRP) > Ripple Launches Tokenized Money Market Fund on XRP Ledger
Ripple (XRP)

Ripple Launches Tokenized Money Market Fund on XRP Ledger

In Brief

  • Ripple successfully launched a tokenized money market fund on its Ledger.

  • The potential of the real-world assets market is projected to reach $16 trillion by 2030.

  • XRP Coin shows promising signals for price increases above $1.50.

Ömer Ergin
Ömer Ergin 6 months ago
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We are witnessing significant developments in the financial landscape, as teams capitalize on current opportunities. During periods of rising cryptocurrency values, major announcements follow closely behind. Recently, Ripple $0.005664 emerged as the latest altcoin attempting to distinguish itself from the market with its important announcement.

Ripple (XRP) and Real World Assets

In the domain of tokenization of real-world assets, we can anticipate substantial advancements. Actions taken by trillion-dollar firms like BlackRock and Franklin have greatly benefited the Ethereum $2,423 network. We will observe the long-term effects of these developments. Now, we examine Ripple’s recent move, which aims to provide blockchain services to institutions, particularly targeting financial organizations.

Ripple announced the launch of its first tokenized money market fund on its Ledger network:

“Archax, the first digital asset exchange, broker, and custodian regulated by the FCA, has provided access to a tokenized money market fund from the UK asset manager abrdn on the XRP Ledger. This fund represents a portion of abrdn’s $3.8 billion Liquidity Fund (Lux) and is the first tokenized money market fund on the XRPL.”

By 2030, the realm of real-world assets is expected to reach $16 trillion. While Ethereum currently dominates this space, giants like Ripple will strive to increase their share of the market.

Meanwhile, the super trend indicator has signaled a buy for XRP Coin, which might soon retest highs above $1.50, provided that BTC allows it.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 25 November, 2024 - 9:42 pm 25 November, 2024 - 9:42 pm
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