The Stellar Development Foundation (SDF) has entered a partnership with the UK-based digital asset exchange and tokenization firm Archax in a bid to enhance the tokenization of real-world assets (RWAs).

Archax is now utilizing the Stellar blockchain within its in-house tokenization platform, specifically launching a tokenized Aberdeen money market fund.

Key Points:

• The rise of the tokenized real-world asset market is significant, projected to reach a trillion-dollar value by 2030.
• Currently, the tokenized RWA market has doubled in value over the past year, sitting at $26 billion.

“The Stellar network was purpose-built to enable fast settlement times, low costs, and the tokenization of real-world assets that is the future of finance,” said Raja Chakravorti, Chief Business Officer at SDF.

Furthermore, Archax recently acquired BaFin-regulated Deutsche Digital Assets to expand into crypto exchange-traded products in Europe.