By Vince • April 24, 2024 9:26 pm •
In a significant development, Archax and Ownera have tokenized BlackRock’s U.S. Treasury Money Market Fund.
However, we have to note that this is a collaboration between these two firms to bring a tokenized version of the BlackRock fund to the Hedera network—BlackRock is not involved in the project.
Mistaken investors traded the news on Tuesday and were able to pump the price of HBAR; however, the price has since experienced a steep correction. The HBAR Foundation announced on Tuesday:
“This additional BlackRock MMF, along with existing offerings, are all available directly on the Archax Ex platform, as well as through connected networks available to professional and institutional clients.”
This development builds on the growing portfolio of
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!