According to Foresight News, digital asset exchange, broker, and custodian Archax has announced its collaboration with the HBAR Foundation to offer tokenized shares of the BlackRock ICS US Treasury Money Market Fund (MMF). This move is based on the tokenized access to the abrdn MMF that Archax created on the Hedera and Ethereum blockchains last year.
The first tokenized stock trade of the BlackRock MMF was also completed on the Ownera FinP2P digital asset network, which was also tokenized on Hedera. This partnership between Archax and HBAR Foundation signifies a significant step in the digital asset exchange and brokerage industry, as it allows for the tokenization of traditional financial assets, thereby increasing accessibility and liquidity.
