Share this article
XRP Holds Strong as Archax Unveils Tokenized Money Market Fund on XRP Ledger
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.
Nov 26, 2024, 7:46 a.m.
What to know:
- 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.
XRP outperformed bitcoin and other major tokens in the past 24 hours as regulated crypto broker and custodian Archax unveiled a money market fund on the XRP Ledger, a first for the network, in collaboration with closely related Ripple Labs and Abrdn.
Archax has provided access to Abrdn’s U.S. dollar Liquidity Fund (Lux) in tokenized form on XRPL. Ripple will allocate $5 million worth of tokens into 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. The token is up 27% over the past week and more than has more than doubled in two weeks on several positive catalysts.
Real World Assets (RWAs) are tangible or financial assets like real estate, commodities, or bonds that exist outside of the digital realm but can be represented as tokens on a blockchain. This process, known as tokenization, allows for fractional ownership, increased liquidity, and easier transfer of these assets.
A money market involves trading short-term, high-quality debt instruments like Treasury bills, commercial paper, and certificates of deposit. It's where large institutions manage their short-term cash needs.
Archax has been using Ripple’s digital assets custody since 2022. Lux has over $3.8 billion in assets under management, per a release.
The launch of the tokenized money market fund on the XRPL is a further boost to the growth of real-world asset tokenization, a sector that some eye as one of the hottest in crypto.
In a July report, global consulting firm McKinsey & Company expects the tokenized asset market to reach $4 trillion in an optimistic scenario by 2030. Boston Consulting Group and 21Shares have forecasted over $10 trillion of tokenized assets by the decade's end in their optimistic scenarios, as CoinDesk previously reported.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
