🔥 The confusion after the announcement of Hedera and Blackrock.
Yesterday it was announced that one of the funds of #BlackRock had been tokenized at #Hedera . This news caused #token #hbar to skyrocket 112% in the hours following the announcement.
Today the HBAR token fell, because more details about Blackrock's real link are known. What is known is that trading and infrastructure companies Archax and Ownera tokenized Blackrock's US treasury fund ICS on their network.
This is where the misinterpretation comes in, many thought that there was a direct involvement between Blackrock and Hedera, but in reality Archax only chose to tokenize one of Blackrock's funds in Hedera. In turn, he notified Blackrock that he was going to launch an announcement about tokenization and the latter agreed.
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