TechFlow news — On February 21, according to an official announcement, the HBAR Foundation revealed its investment in tokenized shares of Fidelity International's dollar money market fund (MMF), facilitated by Archax. The fund has been tokenized on the Hedera network and will be distributed by Archax, the UK’s first FCA-regulated digital asset exchange.
The tokenized shares will be available for trading on the Archax platform and can serve as "proof of reserves" for stablecoin backing. Gregg Bell, Senior Vice President at the HBAR Foundation, stated that real-world asset tokenization will be a key catalyst for blockchain adoption in 2025.
Emma Pecenicic, Head of Digital Business at Fidelity International, emphasized that this initiative aims to bridge traditional finance with decentralized finance through fund tokenization.
