Crypto Exchange Archax to Offer Tokenized Money Market Funds from State Street, Fidelity International and LGIM
Summary
Archax, a U.K.-regulated crypto exchange, has added tokenized funds from State Street, Fidelity International, and Legal & General Investment Management to its offerings. Initially, Archax will provide tokenized access to specific money market funds from these firms. Beneficial ownership tokens will be issued on Hedera Hashgraph, XRPL, and Arbitrum, with potential expansion to other blockchains. The tokenization of real-world assets is gaining traction, with major financial institutions like BlackRock and Franklin Templeton entering the space. Archax recently agreed to acquire Spanish broker King & Shaxson Capital Markets, pending regulatory approval.
