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."
