Digital asset exchange Archax tokenized asset manager Abrdn multi-billion pound money market flagship fund

British digital asset exchange Archax has announced that it has tokenized interests in the Aberdeen Standard Liquidity Fund (Lux) – Sterling Fund using Hedera Hashgraph DLT. The Sterling Fund is the multi-billion pound money market flagship fund of UK asset manager Abrdn. Foresight News previously reported that Archax completed a $28.5 million Series A round of financing, Abrdn was the main strategic investor in this round of financing, and other supporters included Bitrock Capital, Blockchain Coinvestors, and the Tezos Foundation. Archax allows institutional investors to custody and trade a variety of digital assets as well as traditional securities and is licensed by the UK Financial Conduct Authority. Archax previously completed an $8 million seed round in October 2020.