Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Tuesday that it has extended its partnership with Archax to expand support for HBAR staking, the native cryptocurrency of the Hedera network, as well as the pursuit of further tokenisation projects.
Archax is an institutional-grade crypto and digital asset custody service and already supports HBAR on its platform. Archax has now added staking support for Hedera, so that clients holding HBAR, in custody with Archax, can earn yield on their assets.
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 $0.0729 at press time, up by 1% over the last 24 hours.
