TechFlow News, November 20 — According to Coindesk, Archax, a UK-regulated cryptocurrency exchange and custodian, announced it has expanded its range of tokenized real-world assets (RWA) to include funds from State Street, Fidelity International, and Legal & General Investment Management (LGIM).
The company will initially offer tokenized access to certain money market funds managed by State Street Global Advisors, Fidelity International, and LGIM, with plans to potentially add other fund types in the future. Archax will issue beneficial ownership tokens representing clients' holdings in these funds.
These tokenized assets will initially be available on Hedera Hashgraph, XRPL, and Arbitrum, with support for additional blockchains expected to follow.
