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Archax Boosts Tokenized Money Market Fund Offerings On Hedera

Twitter icon  •  Published il y a 1 semaine  •  Hassan Maishera

HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Tuesday that it has partnered with Archax, the first FCA-regulated digital asset exchange, broker and custodian.

HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Tuesday that it has partnered with Archax, the first FCA-regulated digital asset exchange, broker and custodian. The partnership will see Archax expand the range of fund shares it offers in tokenised form with the provision of the BlackRock ICS US Treasury money market fund1 (MMF) on Hedera.

This additional BlackRock MMF, along with existing offerings, are all available directly on the Archax platform, the team added. 

Hedera Hashgraph is a 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 $0.1749 at press time, up by 96% over the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.