HBAR Foundation invests in Fidelity International’s USD Money Market Fund tokenized by Archax.
HBAR Foundation Invests in Fidelity International’s Tokenized Fund
HBAR Foundation has announced its investment in Archax tokens representing shares of Fidelity International’s U.S. Dollar (USD) Money Market Fund (MMF). This move follows the tokenization of the fund on the Hedera network, facilitated by Archax—the first FCA-regulated digital asset exchange, broker, and custodian. Archax also serves as the fund’s distributor for Fidelity International.
These tokenized shares, available on the Archax platform, allow investors to gain direct exposure to traditional financial assets through blockchain-based mechanisms. Additionally, their use as a transparent “Proof-of-Reserves” mechanism for stablecoin reserves strengthens trust within the crypto ecosystem.
This investment aligns with HBAR Foundation’s mission to provide scalable solutions for institutional finance while leveraging Hedera’s high transaction capacity and low-cost infrastructure to enhance transparency, efficiency, and security.
HBAR Foundation Senior Vice President Gregg Bell stated:
“As we look ahead to 2025, the tokenization of real-world assets (RWA) will be a key driver of blockchain adoption. Our vision of a fully tokenized financial ecosystem aligns with Fidelity International’s commitment to innovation. Collaborating with asset managers is crucial to accelerating this shift, and this investment underscores our dedication to that goal. We are excited to strengthen our partnership with Archax and Fidelity International and help shape the future of blockchain-based finance.”
Fidelity International and Hedera’s Blockchain-Based Fund Initiative
Archax CEO and Co-Founder Graham Rodford added:
“The tokenization of Fidelity’s USD Money Market Fund on the Hedera network creates new opportunities for institutional investors. This model enables near-instant transfers, reduced counterparty risk, and enhanced cash management solutions. Hedera’s advanced distributed ledger technology (DLT) allows for near real-time settlement and cost savings, aligning perfectly with Archax’s commitment to top-tier infrastructure performance and security.”
Fidelity International continues to support the digital asset ecosystem by enabling crypto-focused investors to access real-world assets. By working with strong partners such as Archax and HBAR Foundation, Fidelity aims to bring innovative financial solutions onto the blockchain.
Emma Pecenicic, Head of Digital Propositions and Partnerships APACxJ at Fidelity International, commented:
“By embracing fund tokenization, Fidelity International is committed to bridging traditional finance with decentralized finance, offering yield and transparency to onchain investors. Through our partnership with Archax and HBAR Foundation, we are excited to expand the distribution channels for blockchain-based investment products.”
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