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Cryptocurrency News Articles

The HBAR Foundation Invests in Archax’s Tokenized Shares of Fidelity International’s USD Money Market Fund

Feb 21, 2025 at 11:27 pm

The move highlights Hedera’s expanding role in institutional tokenization while advancing Fidelity International’s efforts to bring traditional financial products on-chain.

The HBAR Foundation Invests in Archax’s Tokenized Shares of Fidelity International’s USD Money Market Fund

The HBAR Foundation has announced an investment in Archax’s tokenized shares of Fidelity International’s USD Money Market Fund (MMF).

Archax, the first FCA-regulated digital asset exchange, broker, and custodian, recently tokenized the MMF on the Hedera (HBAR) network. The tokenized shares are available on the Archax platform, enabling institutional investors to gain exposure to the fund through blockchain technology.

According to a company announcement, these digital assets can also serve as proof-of-reserves for stablecoin treasury verification, enhancing transparency within the broader digital finance ecosystem.

The move highlights Hedera’s expanding role in institutional tokenization while advancing Fidelity International’s efforts to bring traditional financial products on-chain.

In December, Hedera integrated Chainlink’s Data Feeds and Proof of Reserve on its mainnet to support DeFi and tokenized real-world assets. This followed a partnership between the HBAR Foundation and Chainlink (LINK), providing developers with access to high-quality data and on-chain reserve verification.

Strategic investment highlighted

Emphasizing the strategic importance of the investment, Gregg Bell, Senior Vice President at the HBAR Foundation, said:

“Looking ahead to 2025, real-world asset tokenization will be a key catalyst for blockchain adoption. Our vision for a fully tokenized financial ecosystem aligns with Fidelity International’s commitment to innovation.”

Bell added that partnerships with asset managers like Fidelity International are essential for accelerating institutional adoption.

The investment further strengthens Hedera’s push into institutional markets by leveraging its high-throughput infrastructure. The network’s ability to perform low-cost, fixed-fee transactions makes it an appealing option for financial institutions exploring tokenization.

The collaboration between the HBAR Foundation, Archax, and Fidelity International reflects a broader industry shift toward blockchain-powered financial products. As more institutions embrace tokenization, partnerships like this could pave the way for greater adoption of digital asset infrastructure in traditional markets.

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Other articles published on Apr 10, 2025