Hedera Foundation's Tokenization Journey Continues with BlackRock's MMF

IconCrypto News Terminal23 Apr, 2024

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Hedera Foundation's Tokenization Journey Continues with BlackRock's MMF

Hedera(HBAR) Foundation has announced its collaboration with Archax and Ownera to tokenize Blackrock's ICS US Treasury Money Market Fund (MMF). This move marks a significant milestone in the blockchain industry, as it brings tokenization to traditional financial instruments. Building upon its expertise gained through a previous partnership with global investment firm Aberdeen, Hedera will play a key role in tokenizing Blackrock's MMF. The tokenized fund will be made available for trading on the Archax platform, expanding its offerings to investors and institutions. This partnership further showcases Hedera's commitment to bridging the gap between traditional finance and blockchain technology. By providing efficient and transparent solutions, Hedera is driving innovation and unlocking new possibilities in the financial landscape.

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