GBP / tokenized money market fund

abrdn Liquidity Fund (Lux), Sterling Fund, tokenised via Archax

AAGLF · issued by abrdn Investments (fund); tokenised and distributed by Archax. verified

not published

published yield

$3.45M

size

allowlist only

can you hold it

The terms

Issuer: abrdn Investments (fund); tokenised and distributed by Archax
Jurisdiction: Fund domiciled Luxembourg; Archax is FCA-authorised, UK
Chains: Hedera
Contracts: No contract address could be established from public sources. That is a disclosure gap on the issuer, and it is recorded as one.
Yield basis: Not published. RWA.xyz shows no APY field for this asset; the fund's stated objective is 'a return in line with prevailing short term money market rates'. NAV rose 0.73% over 30 days per RWA.xyz, which is a price move and not a stated yield, so I have not converted it into one. source
Size: $3.45M source
Minimum: GBP 5,000
Who may hold it: Available through the Archax regulated digital platform; Archax is authorised across the UK and EU and onboards professional/institutional clients. Token holder count is 1. source
Redemption: T+0 settlement for subscriptions and redemptions via the Archax platform source
Cost to enter: 0.10% management fee; GBP 5,000 minimum
Transferability: Permissioned. Transfers only between allowlisted wallets.
Secondary liquidity: None. Hedera HTS token traded only on the Archax venue.

What we think you should know

This is the tokenised representation of abrdn's £15bn Lux Sterling money market fund, originally announced 2023-06-08 as abrdn's first blockchain initiative, minted with Archax's tokenisation engine on Hedera Hashgraph. Token supply 2,562,551 AAGLF, NAV $1.34, 1 holder, AUM up 151.77% over 30 days from a very small base. permissioned and allowlisted is stated because it is a regulated fund share issued on a permissioned venue with a single holder, I did not read the transfer-restriction clause itself. I could not fetch Archax's own insight pages (they returned only site metadata), so the AUM, fee, minimum and holder figures all come from RWA.xyz rather than the issuer.

Sources

Other GBP instruments

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