NEW: Asset manager BlackRock confirmed it didn’t choose Hedera to tokenize shares of its $22B money market, nor has it struck any “commercial relationship” with the firm.
- HBAR, the native token of the Hedera network, skyrocketed by 95% after a misunderstood announcement involving the tokenization of a BlackRock money market fund on Hedera went live.
- The HBAR Foundation's April 23 post fueled the viral belief that BlackRock had participated directly in this initiative.