Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets on the XRPL.Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets on the XRPL.
XRP outperformed bitcoin and other major tokens in the past 24 hours as regulated crypto broker and custodian ArchaxArchax has provided access to Abrdn’s U.S. dollar Liquidity Fund 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 on the XRPL.
Real World Assets 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.
Archax has been using Ripple’s digital assets custody since 2022. Lux has over $3.8 billion in assets under management, per a release.