UK-regulated crypto exchange and custodian Archax has announced that it is expanding the range of tokenized real-world assets (RWA) it offers, including funds from State Street, Fidelity International, and Legal & General Investment Management (LGIM).
The company will initially provide tokenized access to certain State Street Global Advisors, Fidelity International, and LGIM money market funds. The company indicated that other types of funds may be added in the future.
Archax will issue utility ownership tokens representing clients' holdings in these funds. These blockchains will initially be available on Hedera Hashgraph, XRPL, and Arbitrum, with other blockchains potentially to follow.

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