Archax, a U.K.-regulated crypto exchange, is expanding its offerings by adding tokenized money market funds from major financial players like State Street and Fidelity.
Graham Rodford, CEO of Archax, emphasizes that 'Tokenized real-world assets, and in particular funds, are really gaining momentum,' highlighting the industry's shift towards embracing tokenization.
The firm plans to issue beneficial ownership tokens for client holdings in the funds, starting on platforms like Hedera Hashgraph, XRPL, and Arbitrum.
Legal & General, with $1.5 trillion in assets, is joining the push for tokenization, joining other finance giants like BlackRock and Franklin Templeton.
Collection
[
|
...
]