Archax to Add Tokenized Money Market Fund on Hedera Chain

Archax has announced that it is expanding its range of tokenized funds by launching tokenized shares of BlackRock ICS US Treasury MMF in partnership with The HBAR Foundation. The shares are tradable directly on the Archax platform and through connected networks. The first transaction of tokenized shares of BlackRock MMF was completed through the Ownera FinP2P digital asset network. Archax’s tokenized instrument marketplace provides investors with almost instant transfer of shares, which can also be used for the movement of collateral.