Archax anunciou que estava expandindo suas ofertas de RWA tokenizadas para incluir os líderes do setor State Street, Fidelity e fundos do mercado monetário LGIM. Os fundos tokenizados serão oferecidos por meio de tokens de propriedade beneficiária que a Archax cunhará e oferecerá. A plataforma de ativos digitais com sede no Reino Unido sugeriu que provavelmente se expandiria e incluiria mais ofertas de fundos num futuro próximo.
A empresa regulamentada pela FCA disse que o fornecimento de representações digitais de MMFs estava se tornando um caso de uso popular para tokenização e tecnologia blockchain. Archax afirmou que abriu produtos com rendimento historicamente inacessíveis, como detentores de stablecoins ou FinTechs que detinham reservas cash .
Estou entusiasmado em anunciar a adição de @StateStreetGA , @Fidelity_UK e @LGIM à gama de fundos disponíveis em nossa plataforma tokenizada #realworldasset .
Os fundos tokenizados estarão inicialmente disponíveis em @hedera , @Ripple e @arbitrum .
Leia mais aqui: https://t.co/urIvWGZYBJ pic.twitter.com/aXwMNRW1l4
— Archax (@ArchaxEx) 20 de novembro 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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