BlackRock clarifies that there is "no commercial relationship" with Hedera, HBAR drops over 30% in 24H

2024-04-25 11:38:46

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ChainCatcher news, according to Cointelegraph, a spokesperson for BlackRock confirmed that BlackRock did not directly participate in the decision by Archax and Ownera to tokenize the shares of BlackRock's ICS Treasury Fund. BlackRock also did not choose Hedera to tokenize any BlackRock funds, including its $22 billion money market fund. RootData market shows that HBAR is currently at 0.1141 USDT, with a 24H decline of 32.27%.

Previous news, the Hedera Foundation announced on Tuesday a partnership with Archax to tokenize BlackRock's ICS U.S. Treasury money market fund on the Hedera chain. Hedera supporters began to claim on social media that BlackRock chose the Hedera chain to tokenize its fund, although this is not the case. Archax CEO Graham Rodford clarified yesterday that placing the (fund) on the Hedera chain was indeed Archax's choice, and BlackRock did not directly participate in the launch of the tokenized money market fund on the Hedera chain.

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