Big Names Like BlackRock and Fidelity Appear on Hedera as Tokenized Funds Go Live

The Hedera network is getting a lot of attention after several new tokens showed up on its mainnet. These tokens appear to represent money market funds from big financial names like BlackRock, Fidelity, State Street, abrdn, and LGIM.

Screenshots shared by user @hbarTaTa show over 25 new listings on the Hedera network. The token names include:

  • BlackRock ICS US Dollar Liquidity Fund
  • Fidelity ILF – The United States Dollar Fund
  • State Street USD Treasury Liquidity Fund
  • abrdn Liquidity Fund (Lux)
  • LGIM Euro Liquidity Fund

There hasn’t been any official word from the companies listed, but many believe that Archax, a regulated exchange that focuses on tokenizing real-world assets, may be involved. Archax has already worked with Hedera in the past, and this may be a sign that the partnership is expanding.

Why This Matters

Money market funds are widely used by institutions to manage cash. Bringing these funds onto the blockchain could make them easier and cheaper to manage. It could also speed up transactions and make everything more transparent.

If these new tokens are really backed by actual institutional funds, it could be a major step forward. It would show that big financial players are starting to use public blockchains for serious financial activity.

Read also: Hedera (HBAR) vs ONDO: Which Crypto Could Deliver Bigger Gains in 2025?

HBAR Price Looks to $0.50

HBAR, the native token of Hedera, has gone from $0.14 to $0.28 in just 30 days. That’s a 100% gain. With this news, some traders believe it might be heading toward its all-time high of $0.50.

But it’s important to stay cautious. So far, there’s no confirmation from any of the institutions named. These new tokens show promise, but we’ll have to wait for more details to know how real this is. For now, it’s a sign that Hedera could be building strong connections with major financial players.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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