The Hedera team announced via a blog post that the global investment firm abrdn had joined the Hedera Governing Council. abrdn is currently examining future prospects for the tokenization of investment funds, using Hedera, with the aim of listing these on a digital exchange.
According to Hedera, abrdn believes that distributed ledger technology (DLT) has the potential to transform structural inefficiencies that exist in the fund management industry.
Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance.
HBAR is trading at $0.0580 at press time, down by less than 1% over the last 24 hours.