Breaking news: #Hedera a and #Archax enable the first tokenized shares of #BlackRock MMF

Archax, a London-based digital asset exchange, broker, and custodian, has expanded its tokenization services to the US Treasury money market fund (MMF) BlackRock ICS.

This project is implemented in cooperation with the $HBAR Foundation and is a big step forward in the fusion of traditional financial assets with blockchain technology.

In an environment with high interest rates, the ease of liquidity that comes with being able to trade #MMF shares quickly and safely becomes an attractive alternative.

Furthermore, the secondary market for such tokenized instruments offers the possibility of near-instant transfers of MMF shares throughout the day, which can also be used for collateral movements instead of typical purchases and sales.

This type of flexibility and average efficiency is top of mind as digital technologies continue to change the financial industry.