Archax anunció que estaba ampliando sus ofertas de RWA tokenizados para incluir los fondos del mercado monetario State Street, Fidelity y LGIM de los líderes de la industria. Los fondos tokenizados se ofrecerán a través de tokens de beneficiarios reales que Archax acuñará y ofrecerá. La plataforma de activos digitales con sede en el Reino Unido insinuó que era probable que se expandieran e incluyeran más ofertas de fondos en un futuro próximo.
La firma regulada por la FCA dijo que proporcionar representaciones digitales de MMF se estaba convirtiendo en un caso de uso popular para la tokenización y la tecnología blockchain. Archax afirmó que abrió productos históricamente inaccesibles que generan rendimiento, como los titulares de monedas estables o las FinTech que tienen reservas cash .
Estoy emocionado de anunciar la incorporación de @StateStreetGA , @Fidelity_UK y @LGIM a la gama de fondos disponibles en nuestra plataforma tokenizada #realworldasset .
Los fondos tokenizados estarán disponibles inicialmente en @hedera , @Ripple y @arbitrum .
Lea más aquí: https://t.co/urIvWGZYBJ pic.twitter.com/aXwMNRW1l4
- Archax (@ArchaxEx) 20 de noviembre de 2024
The UK-based digital asset platform announced a significant expansion of its real-world asset (RWA) offerings. Archax integrated investment products from industry giants State Street Global Advisors, Fidelity International, and Legal & General Investment Management (LGIM).
The platform said the partnership aimed at democratizing finance and providing accessible investment opportunities to a wider range of investors. Archax emphasized that it would initially focus on tokenizing MMFs from the three major asset managers. It would then use this innovative approach to unlock new opportunities for individual and institutional investors.
“We are really pleased to be expanding our offerings by working with blue-chip industry leaders and are excited to be adding the State Street Global Advisors, Fidelity International and LGIM names to our growing list of partners.”
– Graham Rodford
Archax revealed that the State Street USD/GBP/EUR Liquidity LVNAV Funds, the Fidelity ILF USD/Sterling/Euro Funds, and the LGIM USD/Sterling/Euro Liquidity Funds will be available as tradable tokens first on Hedera Hashgraph, XRPL, and Arbitrum.
Coingecko’s data revealed that the three tokens, XRP (Ripple), HBAR (Hedera), and ARB (Arbitrum), reacted differently after Archax’s announcement. XRP, which had dropped 0.9% until the announcement, surged 3.64% hours after the announcement that the tokenized funds would be available through the XRP ledger.
As per Ripple’s statement in June, it was the second time this year that Ripple and Archax were extending their existing partnership that began in 2022.
Independent crypto analyst, Casi, used daily RSI to show XRP’s higher highs with no divergence, indicating strong momentum. Her analysis, however, also showed bearish divergence on smaller time frames, suggesting a short-term correction before the next ‘leg up.’ She pointed out that this current development had not affected her prediction of $8 – $13 XRP prices in the near future. Casi believes that XRP was ‘priming for something big.
ARB, on the other hand, was on an uptrend, rising by 0.98% until the announcement and then further by 2.27% after Archax mentioned that the initial tokens would be offered through Arbitrum.
The HBAR token had a similar trend to the XRP, dipping 9.1% until Archax announced that it would offer the tokenized funds through the Hedera public ledger. It then went up 3.1% to $0.1279 before dropping to settle at $0.1261.
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