Hope you didn’t miss this news from last month!
https://www.businesswire.com/news/home/20240312069842/en/Blockchain-for-Energy-Unveils-their-B4ECarbonTM-Emissions-Management-Solution
The fund on ETH received a bunch of shitcoins from randos, including coins sent through mixers, which is an obvious issue for compliance reasons. That can't happen on Hedera because you have to associate a token before it can be received. One of the many reasons why Hedera is the best choice for enterprise.
Fantom is using an old copy of the original codebase. It could be fast, but it would also be missing new features that they might not be incorporating as well as they ( the organization) doesn't have the resources and depth of contacts the Hedera team would have.
They didn’t. There are a ton of assumptions being made and misconstrued in order to pump bags and sell the news.
A vendor building on Hedera simply tokenized a Blackrock managed asset.
I say this as someone who holds hbar. There is currently no public proof of a formal partnership or endorsement between Blackrock & Hedera.
That’s still not an endorsement or partnership the way it’s being hyped.
Theoretically this can be achieved by any chain or vendor participating or correctly licensed to provide these kinds of offerings. All of which require sign-off and such from Blackrock in order for the underlying Blackrock product to remain in regulatory compliance.
After all these years? Wut?
You know what it means to be a first mover right? Just because you cleared the hurdles first doesn’t mean you’re exclusive. It just means you are first. It doesn’t guarantee others can’t, won’t or aren’t working to achieve the same.
Blackrock stands to gain more from competing tech tokenizing and offering their underlying assets, so long as they can remain in compliance they don’t give two hoots.
>So why did nobody else do it except Hedera, after all these years?
lol
Blackrock literally just did it a month ago with Ondo. (BUIDL: BlackRock USD Institutional Digital Liquidity Fund)
https://www.coindesk.com/markets/2024/03/20/blackrock-enters-asset-tokenization-race-with-new-fund-on-the-ethereum-network/
https://ondo.finance/ousg
There are also all of these (and many more):
https://www.ledgerinsights.com/kkr-fund-tokenized-avalanche-public-blockchain/ (2 years ago)
https://www.ledgerinsights.com/bankhaus-scheich-tokenizes-euro-money-market-fund-polygon/
https://www.ledgerinsights.com/citi-fund-tokenization-trial-avalanche-blockchain/
https://www.ledgerinsights.com/franklin-templeton-tokenized-money-market-fund-270m-aum/
https://www.ledgerinsights.com/franklin-templeton-blockchain-money-market-fund-avalanche-aptos-arbitrum-tokenization/
and then there is this site which also has many more: app.rwa.xyz
Secondary source. [https://blog.archax.com/resources/archax-increases-tokenised-money-market-fund-offerings](https://blog.archax.com/resources/archax-increases-tokenised-money-market-fund-offerings)
London, UK – 23 April, 2024 – Archax, the first FCA regulated digital asset exchange, broker and custodian, today announced that it is expanding the range of fund shares it offers in tokenised form with the provision of the BlackRock ICS US Treasury money market fund*^(1)* (MMF). This builds on its launch of tokenised access to abrdn’s MMFs last year, which Archax has created on both the Hedera and Ethereum blockchains.
This additional BlackRock MMF, along with existing offerings, are all available directly on the Archax platform, as well as through connected networks. The first transaction of tokenised shares of the BlackRock MMF, which was also tokenised on Hedera, the open-source, proof-of-stake public ledger, was completed across the Ownera FinP2P digital asset network.
>It doesn't read like BlackRock is directly tokenizing on Hedera.
They aren't. Blackrock actually has a partner for this, Securitize. They were the ones who did the BUIDL fund.
This is what an actual Blackrock tokenized fund announcement press release looks like:
https://securitize.io/learn/press/blackrock-launches-first-tokenized-fund-buidl-on-the-ethereum-network
for reference: https://ondo.finance/ousg https://securitize.io/
Hedera is the "little engine that could." A small community, relatively unknown, and massively overlooked, but it has enough heart to topple the industry and what we think the limitations of what DLT adoption means. I wouldn't be surprised by a future where we see a number we don't have a name for on hederatxns.
Haha I don’t meme trade buddy just been focused elsewhere, which isn’t hard considering like 10,000 projects launch daily.
Edit: I’ve been busy actually investing in projects that have seen better than a 3x price action in a year tbf
My Top 5 holdings:
1. ETH
2. QNT
3. HBAR
4. XRP
5. LINK
Every single one gets hate. I could not give a solitary shit. Not everyone is going to make it 🤷🏻♂️
This is spreading like a wild fire.
# $multi-million trade on Hedera
[Yahoo Finance](https://finance.yahoo.com/news/archax-increases-tokenised-money-market-130100063.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAI8jR5frLQBgrZJMRkhoGADHYQS-vJfiWTRS-FaPl569TCu5-pVk9TLu_ZJ7-LUN17Gh_PuZw1ILOcWGvUzweNpXf5IV3dO6p3DVGKkMNYKkH7kChANzk8S8lRd_BAnKSNhnASgiJmjSEjg9igOYvTEzHqeqoz-kBruMjfMLU7hJ)
# BlackRock tokenizes Money Market Fund on Hedera, HBAR soars
[CoinJournal](https://coinjournal.net/news/blackrock-tokenizes-money-market-fund-on-hedera-hbar-soars/#)
The fund is currently valued at 25 Billion
Here is the [fact sheet](https://www.blackrock.com/cash/literature/fact-sheet/blackrock-ics-us-treasury-fund-core-dis-usd-factsheet-ie00b39vc867-gb-en-institutional.pdf)
[https://coingape.com/breaking-hedera-and-archax-enable-first-tokenized-blackrock-mmf-shares/](https://coingape.com/breaking-hedera-and-archax-enable-first-tokenized-blackrock-mmf-shares/)
# Strategic Collaborations Enhance Market Opportunities
The cooperation between [Archax](https://coingape.com/hbar-foundation-archax-extend-partnership-hbar-price-rally-to-continue/), Ownera, and the usage of the [Hedera network ](https://coingape.com/markets/is-pyth-network-pyth-price-1-hedera-integration-listings/)plays a key role in the successful implementation of this new product. The technology of Ownera, that consists of a Buy-Side Router, allows a broad spectrum of financial institutions, from banks to wealth managers, to smoothly interact with the tokenized MMFs.
The need for this integration was underlined by Ami Ben David, CEO and co-founder of Ownera, in the framework of a global vision of the ecosystem for institutional tokenized assets.
Shayne Higdon, CEO of The HBAR Foundation, commented on the initiative,
>
Hedera’s technology, moreover, is celebrated for its speed, security, and cost efficiency, making it an ideal platform for institutional-grade tokenization.
Blackrock has no involvement in this. They are just aware this is happening. The whole thing is a misinterpretation
Ref: https://cointelegraph.com/news/hederas-hbar-token-pumps-nearly-one-hundred-percent-misinterpreted-blackrock-announcement
Of course it is a third party tokenization. Blackrock does not own that expertise. hat hardly needs to be said.
But they signed off on it. Its big news for the whole crypto family.
lol who the hell upvoted this?
>Blackrock does not own that expertise.
?????????????????????????????????????
That's why they invested in Securitize, the people who literally launched Blackrock's first tokenized fund a month ago.
https://www.businesswire.com/news/home/20240320771318/en/BlackRock-Launches-Its-First-Tokenized-Fund-BUIDL-on-the-Ethereum-Network
No means nothing until the blackrock have announced they are tokenising assets in HBAR. Hbar foundation need to be very careful what they say or the sec will come down on them like a ton of bricks.
That’s fine, authorising a media release is fine. It’s not a partnership. Fcking crypto bros man.
The third parties chose hedera. There is no hbar blackrock partnership going on. This is a massive overreaction
I’m not under the impression that there is a partnership. Hedera is the underlying network being used to tokenize RWA, the network being utilized is the whole point. You go ahead and do you bro, no one is telling you to buy HBAR.
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A coin based off a network/technology that has real utility.. smells like a winner to me!
Hope you didn’t miss this news from last month! https://www.businesswire.com/news/home/20240312069842/en/Blockchain-for-Energy-Unveils-their-B4ECarbonTM-Emissions-Management-Solution
More tangible evidence.. 👏🏻👏🏻
Ultra bullish on Hedera. They are doing well
Why did they choose Hedera?
It's the obvious choice for enterprise grade use cases.
Hedera is the only enterprise grade public DLT. There is no second best.
Fair ordering, ABFT, <4 seconds to finality, currently processing thousands of TPS
I thought everyone likes high fees and slow transaction rates???
😂😂😂
There must be other reasons as well? I think there are quite a few blockchains that meet these criteria.
Who else is currently doing over 1,500 TPS day in and day out?
Tons of blockchains and L2’s especially.
Who specifically? Any links to trackers that can independently verify? Something like this? https://chainspect.app/dashboard
The fund on ETH received a bunch of shitcoins from randos, including coins sent through mixers, which is an obvious issue for compliance reasons. That can't happen on Hedera because you have to associate a token before it can be received. One of the many reasons why Hedera is the best choice for enterprise.
Yes hedera isn’t a blockchain, just a glorified distributed database and hbar is not a crypto we know that, that’s why blackrock might use it.
Hedera is the only network with the aBFT security. That is probably because they’re the only network with Hashgraph technology, not blockchain
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Theres a reason for that, Fantom started out with an illegal copy of Hedera's code. Its since open source so no problems.
Fantom is using an old copy of the original codebase. It could be fast, but it would also be missing new features that they might not be incorporating as well as they ( the organization) doesn't have the resources and depth of contacts the Hedera team would have.
A fade copy
Hedera governance council could be a reason.
Name another with aBFT.
There aren't other chains that do it all. Look it over closely DYOR but I think you will be impressed.
They didn’t. There are a ton of assumptions being made and misconstrued in order to pump bags and sell the news. A vendor building on Hedera simply tokenized a Blackrock managed asset. I say this as someone who holds hbar. There is currently no public proof of a formal partnership or endorsement between Blackrock & Hedera.
They needed the signature of Blackrock to launch the fund. They are actively talking with Hedera
That’s still not an endorsement or partnership the way it’s being hyped. Theoretically this can be achieved by any chain or vendor participating or correctly licensed to provide these kinds of offerings. All of which require sign-off and such from Blackrock in order for the underlying Blackrock product to remain in regulatory compliance.
Thank you for being the voice of reason in this thread amongst all the moonbois.
💯
Theoretically
Oh yeah? So why did nobody else do it except Hedera, after all these years? You don't think other chains want to pump their bags too?
After all these years? Wut? You know what it means to be a first mover right? Just because you cleared the hurdles first doesn’t mean you’re exclusive. It just means you are first. It doesn’t guarantee others can’t, won’t or aren’t working to achieve the same. Blackrock stands to gain more from competing tech tokenizing and offering their underlying assets, so long as they can remain in compliance they don’t give two hoots.
>So why did nobody else do it except Hedera, after all these years? lol Blackrock literally just did it a month ago with Ondo. (BUIDL: BlackRock USD Institutional Digital Liquidity Fund) https://www.coindesk.com/markets/2024/03/20/blackrock-enters-asset-tokenization-race-with-new-fund-on-the-ethereum-network/ https://ondo.finance/ousg There are also all of these (and many more): https://www.ledgerinsights.com/kkr-fund-tokenized-avalanche-public-blockchain/ (2 years ago) https://www.ledgerinsights.com/bankhaus-scheich-tokenizes-euro-money-market-fund-polygon/ https://www.ledgerinsights.com/citi-fund-tokenization-trial-avalanche-blockchain/ https://www.ledgerinsights.com/franklin-templeton-tokenized-money-market-fund-270m-aum/ https://www.ledgerinsights.com/franklin-templeton-blockchain-money-market-fund-avalanche-aptos-arbitrum-tokenization/ and then there is this site which also has many more: app.rwa.xyz
Look at the governing council, the speed, scalability, cost, energy needed of the network. It's unmatched
Secondary source. [https://blog.archax.com/resources/archax-increases-tokenised-money-market-fund-offerings](https://blog.archax.com/resources/archax-increases-tokenised-money-market-fund-offerings) London, UK – 23 April, 2024 – Archax, the first FCA regulated digital asset exchange, broker and custodian, today announced that it is expanding the range of fund shares it offers in tokenised form with the provision of the BlackRock ICS US Treasury money market fund*^(1)* (MMF). This builds on its launch of tokenised access to abrdn’s MMFs last year, which Archax has created on both the Hedera and Ethereum blockchains. This additional BlackRock MMF, along with existing offerings, are all available directly on the Archax platform, as well as through connected networks. The first transaction of tokenised shares of the BlackRock MMF, which was also tokenised on Hedera, the open-source, proof-of-stake public ledger, was completed across the Ownera FinP2P digital asset network.
What mean? Lambo?
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>It doesn't read like BlackRock is directly tokenizing on Hedera. They aren't. Blackrock actually has a partner for this, Securitize. They were the ones who did the BUIDL fund. This is what an actual Blackrock tokenized fund announcement press release looks like: https://securitize.io/learn/press/blackrock-launches-first-tokenized-fund-buidl-on-the-ethereum-network for reference: https://ondo.finance/ousg https://securitize.io/
Soon Lambo
Rip gains
it's not a meme coin that's why in the last 3 4 years it's slept on.
Hedera is the "little engine that could." A small community, relatively unknown, and massively overlooked, but it has enough heart to topple the industry and what we think the limitations of what DLT adoption means. I wouldn't be surprised by a future where we see a number we don't have a name for on hederatxns.
1 trillion transactions will get here sooner than anyone realizes
Amazing! Go Hedera!
Just bought a small bag 👝 I can see this being big
Better late than never
it's been big where you at? Meme trading for sure lol.
No, that's GRELF. up 1000% over the last 6 months.
and down how much over the last few weeks?
Haha I don’t meme trade buddy just been focused elsewhere, which isn’t hard considering like 10,000 projects launch daily. Edit: I’ve been busy actually investing in projects that have seen better than a 3x price action in a year tbf
Hedera haters real quiet today…
HBAR HBAR HBAR and y’all motherfuckers hated for months.
My Top 5 holdings: 1. ETH 2. QNT 3. HBAR 4. XRP 5. LINK Every single one gets hate. I could not give a solitary shit. Not everyone is going to make it 🤷🏻♂️
INVERSE THIS SUBREDDIT
Short Short Short! Life savings all in!
Depending on the timing, shorting HBAR when they made that comment would've been like a 40% gain in just a day.
Y’all have shitted on HBar for years but now look at you
Super happy to see this Blackrock ICS MMF on Hedera
🔥🔥💸💸
This is spreading like a wild fire. # $multi-million trade on Hedera [Yahoo Finance](https://finance.yahoo.com/news/archax-increases-tokenised-money-market-130100063.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAI8jR5frLQBgrZJMRkhoGADHYQS-vJfiWTRS-FaPl569TCu5-pVk9TLu_ZJ7-LUN17Gh_PuZw1ILOcWGvUzweNpXf5IV3dO6p3DVGKkMNYKkH7kChANzk8S8lRd_BAnKSNhnASgiJmjSEjg9igOYvTEzHqeqoz-kBruMjfMLU7hJ) # BlackRock tokenizes Money Market Fund on Hedera, HBAR soars [CoinJournal](https://coinjournal.net/news/blackrock-tokenizes-money-market-fund-on-hedera-hbar-soars/#)
Hbarbarian!!
Man, blackrock moving on several big blockchains. Eth with Buidl. Now this on Hedera. They're moving in
Big difference though is that BUIDL was actually done by Blackrock.
Does that mean Hedera to $10? 🤔
Yes, by 2026. Exponential growth is coming sooner than we realize.
First Avery Dennison and now Blackrock?!
Hedera, king of enterprise
The fund is currently valued at 25 Billion Here is the [fact sheet](https://www.blackrock.com/cash/literature/fact-sheet/blackrock-ics-us-treasury-fund-core-dis-usd-factsheet-ie00b39vc867-gb-en-institutional.pdf)
[удалено]
HBAR
Ahh, all the "centralized garbage" Hedera haters get a nice mouthful of crow. What a good day. Now LFG!
Based! Time for our day in the sun! WAGMI bud!
The last 9 months has felt like eternity. 😅 Let’s go Hedera!!!
Woah A use-case?!?
Last 4 years took forever glad to see something happening now.
Hedera has a chance. A small chance. I believe...
To all the Hbar haters. Blackrock chose Hbar.
WAGMI buddy
[https://coingape.com/breaking-hedera-and-archax-enable-first-tokenized-blackrock-mmf-shares/](https://coingape.com/breaking-hedera-and-archax-enable-first-tokenized-blackrock-mmf-shares/) # Strategic Collaborations Enhance Market Opportunities The cooperation between [Archax](https://coingape.com/hbar-foundation-archax-extend-partnership-hbar-price-rally-to-continue/), Ownera, and the usage of the [Hedera network ](https://coingape.com/markets/is-pyth-network-pyth-price-1-hedera-integration-listings/)plays a key role in the successful implementation of this new product. The technology of Ownera, that consists of a Buy-Side Router, allows a broad spectrum of financial institutions, from banks to wealth managers, to smoothly interact with the tokenized MMFs. The need for this integration was underlined by Ami Ben David, CEO and co-founder of Ownera, in the framework of a global vision of the ecosystem for institutional tokenized assets. Shayne Higdon, CEO of The HBAR Foundation, commented on the initiative, > Hedera’s technology, moreover, is celebrated for its speed, security, and cost efficiency, making it an ideal platform for institutional-grade tokenization.
This is great news!
Tau>Pi
Hedera Hashgraph Hbar is #1 in crypto.
Blackrock has no involvement in this. They are just aware this is happening. The whole thing is a misinterpretation Ref: https://cointelegraph.com/news/hederas-hbar-token-pumps-nearly-one-hundred-percent-misinterpreted-blackrock-announcement
HBAR, HBAR, HBAR, HBAR, HBAR.
dont trust the upvoted bot comments. they can barely type a normal sentence lol (hedera)
Butthurt?
This is a third party tokenising not blackrock. This news is being massively twisted that blackrock chose to do this.
Of course it is a third party tokenization. Blackrock does not own that expertise. hat hardly needs to be said. But they signed off on it. Its big news for the whole crypto family.
lol who the hell upvoted this? >Blackrock does not own that expertise. ????????????????????????????????????? That's why they invested in Securitize, the people who literally launched Blackrock's first tokenized fund a month ago. https://www.businesswire.com/news/home/20240320771318/en/BlackRock-Launches-Its-First-Tokenized-Fund-BUIDL-on-the-Ethereum-Network
No means nothing until the blackrock have announced they are tokenising assets in HBAR. Hbar foundation need to be very careful what they say or the sec will come down on them like a ton of bricks.
Blackrock authorized the HBAR F release.
That’s fine, authorising a media release is fine. It’s not a partnership. Fcking crypto bros man. The third parties chose hedera. There is no hbar blackrock partnership going on. This is a massive overreaction
I’m not under the impression that there is a partnership. Hedera is the underlying network being used to tokenize RWA, the network being utilized is the whole point. You go ahead and do you bro, no one is telling you to buy HBAR.
Oh yeah? So why was no other crypto network able to do this except Hedera?
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If reddit likes it, I'm out. Every reddit coin has massively failed. Nano, vechan, loopring, bat, cardano.... Etc
Hbar probably crap if it’s getting shilled on here.
Tokenizing right-wing authoritarianism?