{"id":18617,"date":"2024-04-24T08:00:13","date_gmt":"2024-04-24T08:00:13","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=18617"},"modified":"2024-04-24T07:58:10","modified_gmt":"2024-04-24T07:58:10","slug":"altcoin-price-doubles-after-blackrock-announcement","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/altcoin-price-doubles-after-blackrock-announcement\/","title":{"rendered":"Altcoin Price Doubles After BlackRock Announcement!"},"content":{"rendered":"<p>HBAR price surged nearly 100% after BlackRock tokenizes US Treasury fund on Archax<\/p>\n<p>Digital asset exchange Archax has partnered with the HBAR Foundation to add <a href=\"https:\/\/coinengineer.net\/blog\/blackrocks-influence-accelerating-stablecoin-adoption-and-regulatory-reforms\/\">BlackRock<\/a>&#8216;s ICS US Treasury fund to its platform.<\/p>\n<p>According to a statement by the HBAR Foundation, the first tokenized transaction with BlackRock&#8217;s money market fund was completed through the Ownera FinP2P network.<\/p>\n<p>Archax can provide customers with the ability to trade money market fund shares almost instantly throughout the day, in addition to creating a secondary market for tokenized investment vehicles.<\/p>\n<p>&#8220;The tokenization of money market fund shares on Hedera via Archax is a major vote of confidence,&#8221; said HBAR Foundation CEO Shayne Higdon. &#8220;Hedera&#8217;s unmatched speed, security, and low cost make it ideal for the tokenization of real-world assets at an institutional level via Archax.&#8221;<\/p>\n<p>The HBAR price began to rise rapidly after the tokenization of the BlackRock fund, and within hours it had nearly doubled, rising from $0.09 to $0.17.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HBAR price surged nearly 100% after BlackRock tokenizes US Treasury fund on Archax Digital asset exchange Archax has partnered with the HBAR Foundation to add BlackRock&#8216;s ICS US Treasury fund to its platform. According to a statement by the HBAR Foundation, the first tokenized transaction with BlackRock&#8217;s money market fund was completed through the Ownera<\/p>\n","protected":false},"author":1,"featured_media":18054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[535,940,1219],"class_list":["post-18617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-blackrock","tag-hbar","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Altcoin Price Doubles After BlackRock Announcement! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Digital asset exchange Archax has partnered with the HBAR Foundation to add BlackRock&#039;s ICS US Treasury fund to its platform.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/altcoin-price-doubles-after-blackrock-announcement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altcoin Price Doubles After BlackRock Announcement! 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