Archax Adds Tokenized Money Market Fund Product on Hedera

Archax has announced a partnership with The HBAR Foundation to launch tokenized shares of BlackRock ICS US Treasury MMF, expanding its range of tokenized funds. These shares can be traded directly on the Archax platform or through connected networks. The first transaction of tokenized shares of BlackRock MMF was completed through the Ownera FinP2P digital asset network. MMF is an effective tool for investing cash, treasury bills, and stablecoin assets in the current high-interest rate environment. Archax's tokenization tool market provides investors with almost instant share transfers, which can also be used for collateral movement.