XRP Ledger (XRPL) Hosts First Ripple-Backed Tokenized Fund

Ripple Labs and Archax unveil new tokenized fund on XRP Ledger

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Ripple demonstrates the blockchain’s potential to host and facilitate this massive wave of asset digitization. Additionally, deploying the money market fund on the XRPL will eliminate intermediaries and the cost implications. It will also speed up transactions and reduce costs compared to the traditional capital market system.

Ripple aims to integrate blockchain into capital markets by leveraging the XRP Ledger. This would be done by offering real-time settlement, increasing liquidity and paving the way for other financial products on the XRP Ledger. This would give the XRP Ledger utility and justify theMarket experts consider this a bullish move, as it cements XRP Ledger as the leader in real-world-asset tokenization. This could significantly impact XRP, which has remained above $1 over the past week.hands for $1.

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