🤑 Hedera Hashgraph's native token, $HBAR , experienced a significant surge in price following the news of BlackRock's tokenization of its Money Market Fund (MMF) on the Hedera network. The collaboration between Archax, Ownera, and The HBAR Foundation facilitated this groundbreaking tokenization, marking a milestone in asset management by bringing the world's largest asset manager on-chain.
This move highlights the growing trend of real-world asset (RWA) tokenization on blockchain platforms like Hedera, designed for institutional-grade tokenization at scale.
👌Overall, the collaboration between #BlackRock and #HederaHashgraph through the tokenization of MMFs signifies a significant advancement in the adoption of #blockchain technology in traditional finance. This partnership not only validates the utility of blockchain for asset management but also demonstrates the growing interest and confidence in the capabilities of platforms like Hedera for real-world asset tokenization.