PANews reported on November 26 that according to Cryptoslate, in a statement that " Ripple is partnering with Archax and ABRDN PLC to launch a tokenized money market fund based on XRP Ledger ", Ripple announced that it will invest $5 million in tokens in Abrdn's Lux Fund.
Ripple said in a statement that the tokenized money market fund launched by Ripple in cooperation with Archax and ABRDN PLC is part of Abrdn's £3.8 billion liquidity fund Lux Fund and is also the first tokenized money market fund on XRPL.
