Archax Tokenizes BlackRock Treasury Fund on Hedera, Ushering in Era of Real-World Asset Tokenization

Archax tokenized BlackRock's ICS US Treasury money market fund on the Hedera blockchain, marking a significant milestone in the real-world assets (RWAs) sector. This collaboration enables the trading of MMF shares on exchanges like Archax, offering enhanced benefits such as instantaneous transfer and collateralization. The move signals growing acceptance of tokenized RWAs, providing institutional stability and yield to investors.

Archax Tokenizes BlackRock's US Treasury Money Market Fund on Hedera Blockchain, Marking Major Advancement in Real-World Asset Tokenization

In a groundbreaking development for the real-world assets (RWAs) sector, London-based digital asset exchange Archax has tokenized the BlackRock Investment Cash Strategies (ICS) US Treasury money market fund (MMF) on the Hedera (HBAR) blockchain. This milestone collaboration, facilitated by Archax, the HBAR Foundation, and the institutional-grade digital assets platform Ownera, signifies a significant step forward in the adoption of RWAs on the Hedera network.

Last year, Hedera Council member abrdn successfully tokenized its MMFs on Hedera, setting a precedent in the asset management industry. As the UK's largest active wealth manager, abrdn paved the way for broader adoption of tokenized funds within the sector.

The tokenization of BlackRock's ICS US Treasury MMF marks a major milestone in asset management, bringing the world's largest asset manager on-chain. Tokenized MMFs offer investors institutional stability and yield, while enabling shares to be traded on exchanges like Archax. This provides added benefits such as instantaneous transfer and deployment as collateral, beyond traditional subscription and redemption processes.

"Today, we witness RWA history as BlackRock's ICS US Treasury money market fund (MMF) is tokenized on Hedera with Archax and Ownera," tweeted the HBAR Foundation. "This marks a major milestone in asset management by bringing the world's largest asset manager on-chain."

Shayne Higdon, CEO of The HBAR Foundation, expressed confidence in Hedera's infrastructure: "The addition of MMF shares tokenized on Hedera, enabled by Archax, is a huge vote of confidence. Hedera's unmatched speed, security, and low-cost infrastructure is ideally suited for the institutional-grade tokenization of real-world assets made possible by Archax."

Following the announcement, HBAR experienced a notable surge, climbing over 79% to reach a high of $0.1616. Prior to the news, HBAR was trading around $0.087, marking its highest level since March 27. Data from CoinGecko indicates a significant increase in HBAR's 24-hour trading volume, surpassing $346 million, a spike of over 600%.

The tokenization of real-world assets on the Hedera blockchain is gaining momentum, offering institutional investors access to a wider range of yield-generating opportunities. This collaboration between Archax, the HBAR Foundation, and Ownera further strengthens the Hedera network's position as a leader in the tokenization of institutional-grade assets.

As the adoption of RWAs on Hedera continues to grow, it is expected to have a transformative impact on the financial industry, providing greater efficiency, accessibility, and transparency in the management and trading of real-world assets.