According to Techub News, Archax announced a partnership with The HBAR Foundation to launch tokenized shares of BlackRock ICS US Treasury MMF, expanding its tokenized fund range.

The shares are tradeable directly on the Archax platform and through connected networks. The first transaction of tokenized BlackRock MMF shares was completed through the Ownera FinP2P digital asset network.

MMFs are an effective tool for putting cash, treasury bills and stablecoin assets to work in the current high interest rate environment. Archax’s tokenized instrument marketplace provides investors with nearly instant transfers of shares, which can also be used for the movement of collateral.