COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ripple Launches Tokenized Money Market Fund on XRP Ledger
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 >> COINTURK NEWS
Powered by LK SOFTWARE
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 1 year ago
Share
SHARE

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 $1 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 $2,265 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 & Coinmarketcap & X
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.

You Might Also Like

XRP slides to $1.37 with 4.2 percent weekly drop

OKX partners as official sponsor for XRP Las Vegas 2026

Solana drops to $78 while XRP tops $250 million inflows

Ripple RLUSD nears $1.6 billion as Fed eyes new access

XRP gets institutional boost as 65% eye CLARITY Act

Ömer Ergin 25 November, 2024 - 9:42 pm 25 November, 2024 - 9:42 pm
Share This Article
Facebook Twitter
Share
Previous Article Market Analysts Discuss Bitcoin and Altcoin Trends
Next Article Ethereum Price Surpasses $3,500 as Open Positions Reach New Heights
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Stablecoins now account for 40% of crypto buys in Latin America
Bitcoin (BTC)
Ethereum Foundation opens EPF7 protocol scholarship with 92,000 ETH reserve
Ethereum (ETH)
XRP slides to $1.37 with 4.2 percent weekly drop
Ripple (XRP)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
COINTURK NEWS 2026
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?