CandleFocus
Ripple’s XRP Ledger Leads Institutional RWA Tokenization With New Partnerships
2024-12-20
Author: Content Editor
Ripple has partnered with Archax Exchange and abrdn plc to expand the implementation of real-world assets (RWA) tokenization. The goal is to increase its $1 billion money funds market to $16 billion by 2030. The partnership aims to revolutionize the mainstream asset management industry by enabling the creation of tokens for anything that can be held. The XRPL (XRP Ledger) is being highlighted as a leader in institutional DeFi through these partnerships. Ripple has allocated $5 million into the tokenized abrdn fund, signaling confidence in XRPL as a platform for RWA tokenization. The partnership is seen as a highlight of the growing momentum of blockchain-based solutions in traditional finance.
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