BlackRock tokenizes Money Market Fund on Hedera, HBAR surges!

Archax, a regulated digital asset exchange and custodian, has partnered with the HBAR Foundation to tokenize shares of BlackRock's ICS US Treasury Money Market Fund on the Hedera network. This marks a significant development in the real-world asset (RWA) tokenization space and could potentially open up new avenues for institutional investment in the crypto market.

The news has fueled a surge in HBAR's price, which has skyrocketed over 75% in the past day. This follows on the heels of abrdn plc tokenizing its MMFs on Hedera last year, further solidifying the network's position as a viable platform for tokenized securities.

What are your thoughts on this development? Will it lead to wider adoption of Hedera and tokenized assets?

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