Archax will provide tokenized money market funds supported by State Street, Fidelity International, and LGIM
UK compliant cryptocurrency exchange Archax announces that it will provide funding from State Street, Fidelity International, and Legal& A tokenized money market fund supported by General Investment Management (LGIM). The first batch of tokenized assets will be issued on the Hedera Hashgraph, XRPL, and Arbitrarum blockchains, and asset ownership will be represented by the tokenized equity held by customers. In the future, Archax plans to add more types of fund products. It is worth mentioning that traditional financial giants such as BlackRock, Franklin Templeton, and Abrden have also launched tokenized funds. Archax previously acquired Spanish brokerage firm King& Shaxson Capital Markets (KSCM), the transaction is pending approval from Spanish regulatory authorities.