Ripple, the issuer of XRP, has teamed with Archax to tokenize Aberdeen’s money-market fund on the XRP Ledger. Archax is a UK-registered digital asset exchange and custodian approved by the Financial Conduct Authority, serving as the tech engine to convert Aberdeen’s assets into digital tokens.
Through the partnership, Ripple can bring approximately $3.8 billion of Aberdeen’s USD liquidity into the XRP Ledger. Institutional investors can directly purchase Aberdeen’s fund stake in token form via Archax, gaining the XRP Ledger’s fast settlement capabilities and improved operating efficiency.
Ripple also invested $5 million to bolster leadership in the real-asset tokenization space. Markus Infanger, Ripple’s Senior Vice President, described the achievement as evidence that XRP Ledger is an optimal platform for institutional-grade financial services, noting that Aberdeen’s money-market fund joining the ledger demonstrates how real assets can maximize efficiency on the blockchain.
The partnership is part of Ripple’s ongoing effort to attract real assets into its blockchain ecosystem. With the global market for tokenized assets projected to reach trillions of dollars by 2030, Ripple has been pursuing partnerships with traditional finance to bring real assets onto the XRP Ledger.
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