TechFlow news — Archax plans to launch trading pairs for abrdn's money market fund (MMF) tokens and Bitcoin (BTC) early next year.
It was reported that UK investment firm abrdn and regulated exchange Archax launched an institutional-grade money market fund token in October. The two companies are targeting clients seeking new ways to allocate capital, with a minimum investment of $5,000 for the tokenized abrdn fund. This has attracted approximately $400 million in client demand.
Simon Barnby, Chief Marketing Officer at Archax, said clients must complete registration, their wallets must be whitelisted, and the token is available only to professional investors.
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