Stellar Development Foundation Invests in Archax to Enhance Tokenization Efforts
The Stellar Development Foundation (SDF) invested in UK-based digital asset exchange Archax to enhance tokenized real-world assets (RWAs). Key points include:
- Archax is integrating the Stellar network into its tokenization platform.
- A tokenized Aberdeen money market fund has been launched.
- The investment amount was not disclosed.
- Tokenization of financial instruments is gaining momentum, with the RWA market reaching $26 billion and expected to grow to a trillion-dollar market by 2030.
- Raja Chakravorti from SDF emphasized Stellar's advantages for finance, including fast settlement times and low costs.
- Archax recently acquired Deutsche Digital Assets to expand into crypto exchange-traded products in Europe.