Archax has launched a tokenized version of Abrdn’s U.S. dollar Liquidity Fund on the XRP Ledger (XRPL). Ripple has committed $5 million to invest in tokens on Abrdn’s Lux fund, as part of a broader strategy to allocate resources to real-world assets on the XRPL. Following the announcement, XRP's price surged by 6% to reach $1.49, although it later experienced a decline amid a general market downturn.

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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.

Archax Launches Tokenized Money Market Fund on XRP Ledger, Ripple Invests $5 Million