Exclusive Report: Hedera and Archax Successfully Tokenize First BlackRock MMF Shares

Quick Summary:

Archax, a digital asset exchange, broker, and custodian based in London, has expanded its tokenization services to the BlackRock ICS US Treasury money market fund (MMF).

This undertaking is implemented in cooperation with The HBAR Foundation and is a major step forward in the merging of traditional financial assets with the blockchain technology.

The tokenization of money market funds, for example, BlackRock funds, also brings several benefits.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Tokenization Blockchain News Hedera Blackrock

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-24 @ 00:06:44 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20771795

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 57 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 14 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #59

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