Ripple-backed Archax expands tokenized funds with State Street, Fidelity, LGIM
The beneficial ownership tokens will be launched on Hedera Hashgraph, XRPL and Arbitrum
Archax, a UK-regulated digital securities exchange and a Ripple partner, announced on Wednesday that it has added tokenized real-world assets (RWA) from State Street, Fidelity International, and Legal & General Investment Management (LGIM) to its platform.
This marks a significant step forward in Archax’s mission to bridge traditional finance and blockchain by offering tokenized versions of institutional-grade assets, Coingape informs.
The addition of these major asset managers highlights the growing confidence of traditional financial institutions in blockchain-based tokenization. Investors on the Archax platform now have access to a broader range of regulated and secure digital funds, enabling diversified exposure to RWAs without traditional barriers.
Enabling accessibility through tokenization
Tokenized RWAs on Archax leverage blockchain to provide enhanced transparency, liquidity, and accessibility for investors. The beneficial ownership tokens will be launched on Hedera Hashgraph, XRPL and Arbitrum.
These offerings allow fractional ownership, making high-value funds from global giants such as State Street and Fidelity available to a wider range of market participants. Archax’s innovative approach aligns with increasing industry efforts to modernize asset management and financial markets.
This initiative is part of a broader trend where tokenization is being recognized as a transformative tool for asset managers. Archax’s move to onboard these funds underscores its commitment to becoming a leader in regulated digital asset marketplaces, solidifying its position as a pioneer in the tokenization ecosystem.
Future implications for digital finance
On the back of this news, the price of XRP rose 2.7% to $1.12.
As blockchain adoption accelerates in traditional finance, Archax’s partnership with Ripple and these prominent asset managers positions it at the forefront of this transition. Analysts predict the platform's expanded offerings will attract institutional and retail investors alike, further normalizing tokenization as a standard practice in asset management.
We would also like to remind you that Ripple CEO Brad Garlinghouse explains why XRP is on the rise.
