tldr; Graham Rodford, CEO of Archax, clarified that BlackRock was informed but not actively involved in the tokenization of its ICS US Treasury Fund on Hedera’s blockchain. The confusion in the crypto community arose from a misinterpretation of BlackRock’s role, thinking it was directly participating. Archax itself tokenized the fund as part of its initiative using Hedera’s technology, aiming for transparency and trust with investment managers.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DollarLate_DayShort on
> If we decide to tokenise, arguably we do not need to approach the investment manager, but we always do as we want long term relationships. The investment manager’s level of involvement can vary but both abrdn and Blackrock were aware that we were tokenising on Hedera.
-Archax CEO, Graham Rodford
williaminla on
Lol. Blackrock has publicly come out saying that they have no association with this shitcoin
HotGuysTruck on
Hopefully, everyone sees the value-add with Archax and they become the market leader in capital tokenization. Blackrock and ABRDN funds are only the beginning now that the cats out of the bag and I’m sure this PR reached the FMs that it needed to reach.
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tldr; Graham Rodford, CEO of Archax, clarified that BlackRock was informed but not actively involved in the tokenization of its ICS US Treasury Fund on Hedera’s blockchain. The confusion in the crypto community arose from a misinterpretation of BlackRock’s role, thinking it was directly participating. Archax itself tokenized the fund as part of its initiative using Hedera’s technology, aiming for transparency and trust with investment managers.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
> If we decide to tokenise, arguably we do not need to approach the investment manager, but we always do as we want long term relationships. The investment manager’s level of involvement can vary but both abrdn and Blackrock were aware that we were tokenising on Hedera.
-Archax CEO, Graham Rodford
Lol. Blackrock has publicly come out saying that they have no association with this shitcoin
Hopefully, everyone sees the value-add with Archax and they become the market leader in capital tokenization. Blackrock and ABRDN funds are only the beginning now that the cats out of the bag and I’m sure this PR reached the FMs that it needed to reach.