The HBAR Foundation has announced an investment in tokenized shares of Fidelity International via Archax, strengthening Hedera's position in institutional tokenization.
HBAR Foundation and Archax
Archax is the first FCA-regulated digital asset exchange, broker, and custodian to tokenize the MMF on the Hedera network. The tokenized shares, available on the Archax platform, allow institutional investors to gain exposure to the fund through blockchain technology.
Institutional Blockchain Opportunities
These digital assets can also serve as proof-of-reserves for stablecoin treasury verification, enhancing transparency in the digital financial ecosystem. Last December, Hedera integrated Chainlink’s Data Feeds and Proof of Reserve on its mainnet to support DeFi and tokenized real-world assets.
Prospects and Strategy
Gregg Bell, Senior Vice President at the HBAR Foundation, emphasized the strategic importance of the investment, stating that the tokenization of real-world assets will be a key catalyst for blockchain adoption by 2025. Partnering with companies like Fidelity International is essential for accelerating institutional adoption. The collaboration between the HBAR Foundation, Archax, and Fidelity International reflects a broader industry shift toward blockchain-powered financial products.
The investments by the HBAR Foundation and the collaboration with Archax and Fidelity International demonstrate how blockchain technologies can transform traditional financial markets, opening new opportunities for tokenization and institutional investors.
