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Will Archax launch another tokenized fund on XRP Ledger by end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Announcements from Archax or Ripple
Story
Ripple, Archax, and abrdn Launch First Tokenized Fund on XRP Ledger
Nov 25, 2024, 11:06 AM
Ripple, in collaboration with Archax and abrdn PLC, has launched the first tokenized money market fund on the XRP Ledger. This initiative marks a significant step towards integrating traditional finance with blockchain technology, aiming to unlock cost savings and settlement efficiencies by deploying capital markets on the XRP Ledger. The fund, managed by abrdn, has a value of $3.8 billion, showcasing Ripple's growing influence in blockchain-based financial solutions.
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Similar markets
Yes • 50%
No • 50%
More T-bills • 25%
Corporate bonds • 25%
Municipal bonds • 25%
Other financial instruments • 25%
Yes, on Ethereum • 25%
Yes, on Arbitrum • 25%
Yes, on another blockchain • 25%
No new fund announced • 25%
BlackRock • 25%
Vanguard • 25%
Fidelity • 25%
Other • 25%
