Hawkdive’s Post

Archax, in collaboration with Ripple, has launched the first tokenised money market fund on #XRPL. This groundbreaking initiative brings tokenised access to abrdn $3.8 billion US dollar Liquidity Fund, paving the way for enhanced operational efficiencies and institutional adoption of real-world asset tokenisation. As the first FCA-regulated digital asset exchange, broker, and custodian, we are proud to be at the forefront of transforming financial markets with blockchain technology. This partnership is a step towards unlocking the true potential of digital assets, leveraging the XRP Ledger's institutional-grade functionality and Ripple's enterprise blockchain expertise. For professional investors only Read more about it here: https://lnkd.in/ejwMvyhZ #RWAtokenisation #XRPL #Archax #Ripple #DigitalAssets

From Singapore Internship to Blockchain Innovation: A Full Circle Moment 🚀 When I reflect on my internship at abrdn (or as it was called back then ABERDEEN ASSET MANAGEMENT INC) in Singapore during my master's exchange at National University of Singapore, it’s surreal to think how much the financial world has evolved over the last 10+ years. Back then, blockchain was known and discussed but far from mainstream reality, not even in sophisticated financial institutions like the top asset managers in the world. Fast forward, and today we’re witnessing Ripple and Archax launching the first #tokenized money market fund on the #XRP Ledger, managed by #abrdn. 🏦💥 This is not just another milestone for #blockchain; it’s a game-changer for the financial sector. Tokenizing a money market fund reduces operational costs and streamlines settlement processes—this is innovation at its finest! 🌍💡 According to McKinsey, tokenized money market funds already manage over $1 billion globally, showing how rapidly blockchain is making waves in the finance space. 📊🔗 To see the company I interned with in college play such an instrumental role in this transformation is incredibly fulfilling. From being a curious intern to witnessing real-world financial innovation—what a ride! 🚀 Congrats to all new people involved and thanks again to the folks from back in the day for giving me the opportunity to intern in such a vibrant place with so many brilliant people. Prof. Dr. Hartmut Leser Chou Chong Rowena Wong James Thom David Smith, PhD, CFA Christopher Wong Yan Rachael Jonette Lee I can’t wait to see what the future holds. #Ripple #XRP #Blockchain #Finance #Tokenization #abrdn #Archax #MoneyMarketFunds #FinTech #FinancialInnovation #FutureOfFinance #BlockchainInFinance #NUS #Singapore #FinanceTransformation #DigitalAssets

Archax, said to be the first FCA regulated digital asset exchange, broker and custodian, has provided access to a money market fund from UK asset manager abrdn in tokenised form on the XRP Ledger (XRPL), a decentralised blockchain. https://lnkd.in/g8bRrgJb #digitalasset #tokenisation #decentralisedblockchain #blockchain #TheBlock

#Swift, #UBS, and #Chainlink ’s successful pilot completion for tokenized fund settlement under MAS’s #ProjectGuardian marks another leap forward for blockchain’s integration into TradFi—an evolution we at Trrue have been closely following and engaging with. 🌍🔗 This initiative highlighted how blockchain can enhance financial systems, facilitating seamless off-chain settlements using Swift’s network. Yet another powerful signal for the future of finance, aligning with our own vision to create secure, compliant, innovative digital asset solutions. Moreover, as we observe global developments like BRICS Pay last week—aimed at promoting cross-border transactions in local currencies and bypassing traditional infrastructures—it’s clear also that financial autonomy and blockchain innovation are reshaping economic landscapes worldwide. Trrue remains committed to bridging TradFi and blockchain, focusing on sustainable, regulatory-aligned progress, wherever we may be, in a financial world where blockchain's role is crucial. Let’s drive this change together. 🚀 Read more on the Swift pilot: - https://lnkd.in/eWa6wNzH #Trrue #Blockchain #TradFi #Tokenization #DigitalAssets #Innovation

🚨 Breaking News: Ripple Launches Tokenized Money Market Fund on XRPL! 🌐 Ripple takes a massive leap in the world of tokenization! In partnership with FCA-regulated crypto exchange Archax and UK asset manager abrdn, Ripple has unveiled its first tokenized money market fund on the XRP Ledger (XRPL) blockchain. 🔥 This groundbreaking initiative showcases Ripple’s commitment to transforming traditional finance with blockchain technology. Traders are taking notice, with XRP prices jumping 6% today! 💬 What does this mean for the future of tokenized finance? Could Ripple be paving the way for a new era in blockchain-powered asset management? 👇 Let’s discuss! #Blockchain #XRP #Tokenization #CryptoFinance #Ripple https://lnkd.in/gSgavkja

Tokenization remains a key focus of BlackRock’s digital asset strategy. Through the tokenization of the Fund, BUIDL will offer investors important benefits by enabling the issuance and trading of ownership on a blockchain, expanding investor access to on-chain offerings, providing instantaneous and transparent settlement, and allowing for transfers across platforms. BNY Mellon will enable interoperability for the Fund between digital and traditional markets. #blockchain #cryptocurrencies #ethereum #bitcoin #chainlink

BlackRock Facilitates Tokenized Fund Transfers via USDC In this analysis, we'll delve into the details of BlackRock's tokenized fund transfer mechanism, explore the implications of this development, and assess the broader trend of tokenization in the financial industry. https://lnkd.in/gAeQE34J #BlackRock #USDC #Stablecoin #Tokenization #Blockchain

The market for the tokenization of real world assets is alive and well: BlackRock recently announced that it is tokenizing its first digital money market fund, while also announcing an investment in Securitize. Securitize is a platform which tokenizes real world assets, which basically means converting rights to an asset (real estate, shares, carbon credits, etc.) into a digital token on a blockchain. https://lnkd.in/gZCSjJ4Z Andy Wiebe #tokenization #tokens #token #blockchain #RWA #crypto #cryptocurrency #bitcoin #equity #regulation

Chainlink is a really intriguing approach to creating real world value using blockchain. Interesting read. #crypto #blockchain #finance #data

"Franklin Templeton is enabling peer-to-peer transfers in its on-chain U.S.-registered mutual fund while Archax, the UK FCA-regulated institutional digital asset exchange, broker and custodian, has added BlackRock to its tokenized money market fund offerings. On 25 April 2024 Franklin Templeton said in a statement that it is introducing new features to the first U.S.-registered mutual fund to process transactions and record share ownership on a public blockchain, which it launched in 2021. Shareholders can complete peer-to-peer transfers of the Franklin OnChain U.S. Government Money Fund on the public blockchain." #crypto #cryptoassets #digitalassets #funds #fundtokenization #tokenization