The HBAR Foundation today announces an investment in Archax’s tokens representing Fidelity International’s United States Dollar (USD) Money Market Fund (MMF) shares*. This investment follows the recent tokenization of the MMF on the Hedera network by Archax, the first FCA-regulated digital asset exchange, broker, and custodian, which serves as the distributor for Fidelity International’s fund.
These tokenized shares are available on the Archax platform, allowing investors to gain exposure to the asset through blockchain-powered mechanisms. The development also enables tokenized securities to serve as transparent “Proof-of-Reserves” for stablecoin treasury verification, a significant step in enhancing the transparency of the broader digital asset ecosystem.
The investment from HBAR Foundation strengthens its focus on delivering scalable solutions for the institutional market, leveraging Hedera’s high-throughput infrastructure to enhance transparency, efficiency, and security, while offering financial institutions fixed, low-cost transactions.
Gregg Bell, Senior Vice President at the HBAR Foundation, stated: “Looking ahead to 2025, real-world asset tokenization will be a key catalyst for blockchain adoption. Our vision for a fully tokenized financial ecosystem aligns with Fidelity International’s commitment to innovation. To accelerate the mainstream adoption of tokenization, it’s essential that we work closely with asset managers, and this investment underscores our firm commitment to that goal. We are excited to deepen our partnership with Archax and Fidelity International and build on our shared vision.”
Graham Rodford, CEO and Co-Founder of Archax, added, “The tokenization of Fidelity’s USD Money Market Fund on Hedera opens up new avenues for institutional investors, allowing for near instant transfers, reduced counterparty risk, and enhanced cash management solutions. Hedera’s cutting-edge DLT enables near real-time settlement, greater efficiency, and cost savings—aligning perfectly with Archax’s commitment to providing best-in-class infrastructure performance and security.”
Fidelity International is committed to enabling crypto native investors to access real-world assets. Working with partners like Archax and the HBAR Foundation allows the asset manager to bring innovative solutions on chain.
Emma Pecenicic, Head of Digital Propositions and Partnerships APACxJ at Fidelity International, said: “By leveraging fund tokenization, Fidelity International demonstrates a commitment to bridge traditional finance with decentralised finance and offer yield and transparency to onchain investors. We are pleased to work with Archax and HBAR Foundation to expand our distribution channels.”
