Aviva Investors, a major UK asset manager with $345 billion in assets, has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger. This initiative marks Aviva's first step into asset tokenization, using a 'digital twin' model that adds an on-chain ownership layer without changing the underlying fund operations. The project, supported by Ripple, Komainu, and Licuido, has regulatory approval from the Central Bank of Ireland, signaling growing acceptance of blockchain in regulated finance. While the current setup doesn't fully speed up settlements, it lays the groundwork for future on-chain fund management and faster transactions.
Ripple Labs has invested in Notabene, a major operator of regulated on-chain transactions serving over 2,300 institutions globally with an annual transaction volume around $2 trillion. This partnership allows Notabene to integrate Ripple's RLUSD stab...
XRP traded relatively flat following a volatile week where it surged nearly 7%, driven by easing geopolitical tensions and the U.S. CLARITY Act's long-term implications. Onchain data shows many short-term holders are now in profit, with the Market Va...
In South Korea, XRP is trading at nearly four times the volume of Bitcoin on major crypto exchanges, highlighting strong retail demand despite a 44% plunge in the country's stock market. This surge reflects intense market participation and liquidity ...
Bitcoin and Ethereum posted modest gains while major altcoins showed mixed performance, signaling selective risk appetite in the crypto market. Bitcoin's market dominance rose to 58.80%, indicating capital concentration in the most liquid asset, whil...
Bitcoin price climbed to around $64,400 after the Federal Reserve decided to keep interest rates unchanged at 3.50% to 3.75% following its July meeting. The Fed's decision to pause rate hikes for the fifth consecutive time came amid mixed views withi...
