Report: Coinbase Asset Management Creating Tokenized Money Market Fund

Coinbase Asset Management is reportedly creating a tokenized money market fund. In another move in the tokenization space, Ripple and Archax said in June that they extended their existing collaboration in an effort to bring hundreds of millions of dollars of tokenized real-world assets (RWAs) onto the XRP Ledger (XRPL) over the coming year. Tokenized RWAs have the potential to make assets more liquid, accessible and efficient while enhancing transparency, security and global reach. It also comes after asset ...