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Ripple Partners With Archax to launch first tokenized money market fund on XRP Ledger

Ripple has partnered with Archax to launch the first tokenized money market fund on the XRP Ledger. This fund, in collaboration with fund manager Abrdn, is valued at 3.8 billion USD and will leverage blockchain technology to enhance tradability and reduce costs. This is a significant step in applying blockchain technology to traditional capital markets.

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