Archax adds tokenized money market fund products to Hedera

Archax announced a partnership with The HBAR Foundation to launch a tokenized share of the BlackRock ICS US Treasury MMF, expanding the scope of its tokenized fund.
These shares can be traded directly on the Archax platform or via a connected network. The first BlackRock MMF tokenized share transaction was done through the Ownera FinP2P digital asset network. MMFs are an effective tool for putting cash, treasury securities and stablecoin assets into operation in the current high interest rate environment. Archax's tokenized instrument marketplace provides investors with almost instant share transfers, which can also be used for the movement of collateral.