Archax Increases Tokenised Money Market Fund Offerings [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
LONDON April 23, 2024 /PRNewswire/ -- Archax, the first FCA regulated digital asset exchange, broker and custodian, today announced that it is expanding the range of fund shares it offers in tokenised form with the provision of the BlackRock ICS US Treasury money market fund (MMF), in partnership with the HBAR Foundation. This builds on its launch of tokenised access to abrdn's MMFs last year, which Archax has created on both the Hedera and Ethereum blockchains. This additional BlackRock MMF, along with existing offerings, are all available directly on the Archax platform, as well as through connected networks. The first transaction of tokenised shares of the BlackRock MMF, which was also tokenised on Hedera, the open-source, proof-of-stake public ledger, was completed across the Ownera FinP2P digital asset network. In the current high interest-rate environment, putting cash, treasury and stablecoin assets to work is more important than ever. MMFs are a useful vehicle as they hav
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