Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way,

Global Asset Servicing News and Commentary.
≔ Menu
Securites Lending Times logo
Leading the Way,

Global Asset Servicing News and Commentary.
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. Archax increased tokenised MMF offerings
Latest news
Archax increased tokenised MMF offerings
24 April 2024 UK
Reporter: Klea Neza

Image: Kiattisak
Archax will be expanding the range of fund shares it offers in tokenised form within the provision of the BlackRock ICS US Treasury Money Market Fund (MMF), in partnership with the HBAR foundation.

These additional BlackRock MMFs are available directly on the Archax platform, as well as through connected networks.

Archax is able to provide investors with the benefit of almost instantaneous transfer of MMF shares throughout the day — an advantage which can also see the tokens being used for collateral movement rather than traditional subscriptions and redemptions.

Graham Rodford, CEO and co-founder of Archax, comments: “Money market funds from different asset managers can follow different underlying investment theses. Adding more funds into our portfolio of tokenised shares of MMF offerings expands the flavours we have on offer and so allows us to serve a broader range of potential clients.”

Shayne Higdon, CEO of The HBAR Foundation, says: "The addition of MMF shares tokenised on Hedera, enabled by Archax, is a huge vote of confidence. Hedera's security, and low-cost infrastructure is ideally suited for the institutional-grade tokenisation of real-world assets made possible by Archax."
← Previous latest article

Goldman Sachs Japan names Imatsu president
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today