Archax adds tokenized money market fund product on Hedera
Golden Finance reported that Archax announced its cooperation with The HBAR Foundation to launch tokenized shares of BlackRock ICS US Treasury MMF, expanding its scope of tokenized funds. The shares can be traded directly on the Archax platform or through connected networks. The first BlackRock MMF tokenized share transaction was completed through the Ownera FinP2P digital asset network. MMF is an effective tool to put cash, treasury bills and stablecoin assets into operation in the current high interest rate environment. Archax’s marketplace for tokenized instruments provides investors with near-instant transfers of shares, which can also be used for the movement of collateral.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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