CandleFocus Ripple to Welcome New Tokenized Funds: Details
2024-11-20
Author: Content Editor
Ripple is partnering with UK-based exchange Archax to tokenize real-world assets, with State Street, Fidelity International, and Legal & General Investment Management (LGIM) funds being the first to be included. Archax will issue tokens representing clients' holdings in these funds, with the tokens initially available on Hedera Hashgraph, Ripple, and Arbitrum. This expansion of Ripple's collaboration with Archax aims to establish the XRP Ledger as a leading blockchain for tokenized real-world assets. The partnership began in 2022 when Archax partnered with Metaco, which Ripple acquired in 2023.
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