Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Friday that it has invested in Archax’s tokens representing Fidelity International’s United States Dollar (USD) Money Market Fund (MMF) shares.
The investment follows the recent tokenization of the MMF on the Hedera network by Archax, the first FCA-regulated digital asset exchange, broker, and custodian, which serves as the distributor for Fidelity International’s fund.
These tokenized shares are available on the Archax platform, allowing investors to gain exposure to the asset through blockchain-powered mechanisms. The development also enables tokenized securities to serve as transparent “Proof-of-Reserves” for stablecoin treasury verification.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.20619 at press time, down 3.5% over the last 24 hours.
