HBAR Foundation's April 23 post was misinterpreted. The post claims that Archax and Ownera have tokenized BlackRock's ICS US Treasury Fund on their Hedera network. However, this is a misunderstanding.
The video shared suggests a link between Ownera, Archax and BlackRock, but is not about tokenizing the fund. The post attracted huge attention, but experts say this does not mean BlackRock has moved its $22.3 billion fund to blockchain or partnered with Archax and Ownera.
Cardano Ghost Fund DAO founder Chris O’Connor emphasized that BlackRock “had no involvement” in the development of Hedera and criticized the HBAR Foundation for the way the announcement was made.
