BlackRock was not directly involved with the launch of a tokenized money market fund on Hedera. HBAR funding rates are negative as traders look to short the recent spike. Liquidity remains thin relative to volume, indicating a volatile trading period ahead.
Hedera’s native HBAR token surged by over 107% on Tuesday, then slipped 25%, as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain.
On Tuesday, Hedera announced that BlackRock’s ICS U.S. Treasury money market fund had been tokenized on the Hedera blockchain in collaboration with Archax. Hedera supporters on social media began claiming that BlackRock
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