BlackRock Not Involved In Tokenization Decision Of ICS Treasury Fund On Hedera

According to PANews, a spokesperson for BlackRock has confirmed that the company did not directly participate in the decision by Archax and Ownera to tokenize BlackRock's ICS Treasury Fund on Hedera. The spokesperson further clarified that BlackRock has no business relationship with Hedera and has not chosen Hedera Hashgraph to tokenize any BlackRock funds. The market data shows that the price of the HBAR token has fallen to $0.1182, a 24-hour drop of 29.73%. Previously, a misunderstanding was caused by an announcement from the HBAR Foundation about the 'tokenization of BlackRock funds'. It was widely misunderstood that BlackRock was involved in the development of Hedera, which the company has now clarified is not the case.