The HBAR Foundation and Archax, a digital asset platform, have announced plans to deepen their partnership. The main focus is on integrating support for HBAR staking and developing tokenization projects.
Archax, expanding its offerings in the cryptocurrency sphere, has integrated support for the Hedera network and Hedera Token Services (HTS) into its products and services. This was made possible following the inclusion of HBAR in the exchange's spot market.
As part of the partnership, Archax now offers staking for Hedera (HBAR), as well as trading and storage capabilities for HBAR. Archax, an institutional-level cryptocurrency custody service, was created this year following a merger with BCW Group, a Web3 company. A key aspect of the collaboration with Archax is the opportunity for users storing HBAR to earn passive income through staking.
In the tokenization projects undertaken by Archax, the Hedera network plays a crucial role, supporting them through TOKO, Hedera's tokenization mechanism.
