Deployments · platform by Archax
abrdn Liquidity Fund (Lux) tokens via ArchaxUpdated 27 Oct 2026
Archax, the FCA-regulated digital asset exchange and custodian, holds units in abrdn's Luxembourg money market funds and issues tokens representing them, first for the sterling fund on Hedera in 2023 and then for the US dollar fund on the XRP Ledger in 2024, with Ripple putting in $5 million. In June 2024 it also issued Algorand tokens on abrdn's euro money market fund, settled in Quantoz's EURD e-money token; for those, Archax holds the units in a bankruptcy-remote trust and the tokens represent beneficial ownership of the units. Offered to professional investors. Tokenised units were later used as collateral in FX trades with Lloyds.
Live (limited) since 8 Jun 2023[1] — Professional investors only; no on-chain balances found. · Reviewed 12d ago
- Assets
- Beneficial interest[1]Tokens issued by Archax representing its holding of abrdn Lux money market fund units
- Networks
- Use cases
- Collateral mobility[3]
- Jurisdictions
- United Kingdom, Luxembourg
Participants
- ArchaxPlatform provider, Issuer, Operator, Custodian, Distributor[1]United Kingdom
- abrdnAsset manager[1]United Kingdom
- RippleInvestor, Technology provider[2]United States
- QuantozCash leg provider[4]Netherlands
- Lloyds Banking GroupCounterparty[3]United Kingdom
Assets
- Issuesabrdn Liquidity Fund (Lux) Sterling Fund token[1]
- Issuesabrdn Liquidity Fund (Lux) US Dollar Fund token[2]
- Issuesabrdn euro money market fund token (Archax, Algorand)[4]
Metrics
- $5mRipple investment in tokens · as of 25 Nov 2024 · on XRP Ledger[2]
Timeline
- Happened Jul 2025 (month only) · First transaction · recorded 11 Oct 2026Tokenised abrdn fund units and gilts used as collateral for FX trades with Lloyds.[3]
- Happened 25 Nov 2024 · Scope expansion · recorded 11 Oct 2026Archax offers tokens on abrdn's US dollar Lux fund on the XRP Ledger, with Ripple investing $5 million.[2]
- Happened 26 Jun 2024 · Scope expansion · recorded 27 Oct 2026Archax issues Algorand tokens on abrdn's euro money market fund, held in a bankruptcy-remote trust, with Quantoz's EURD as the settlement token.[4]
- Happened 8 Jun 2023 · Launch · recorded 11 Oct 2026Archax tokenises its interest in abrdn's sterling Lux money market fund on Hedera.[1]
Sources
- [1]Archax Tokenises Investment In abrdn Multi-Bn Money Market Fund — Archax (via Mondo Visione), 8 Jun 2023. Accessed 11 Oct 2026.B
- [2]Archax Provides Access to abrdn Money Market Fund on the XRP Ledger in Collaboration With Ripple — Ripple, 25 Nov 2024. Accessed 11 Oct 2026.B
- [3]Archax case study — Hedera. Accessed 11 Oct 2026.C
- [4]Archax makes abrdn money market fund accessible and transferable on Algorand blockchain using Quantoz EURD electronic money token — Quantoz, 26 Jun 2024. Accessed 27 Oct 2026. Partner announcement: abrdn's EUR 3.8bn euro money market fund; Archax buys and holds units in a bankruptcy-remote trust and issues Algorand Standard Asset tokens representing beneficial ownership of them; transfers limited to whitelisted wallets..B
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