One of BlackRock’s funds has been tokenized on But now the price is dropping as more precise details emerge and BlackRock denies a direct link to the move.Digital asset exchange Archax has But while the announcement prominently featured BlackRock, the investment giant clarified to Today we witness #RWA history as @BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @Hedera with @ArchaxEx and @OwneraIO, marking a major milestone in asset management by bringing the world’s largest asset manager on-chain pic.twitter.com/1Kye8cjAJx— HBAR Foundation (@HBAR_foundation) April 23, 2024“We have not worked with Hedera,” a BlackRock spokesperson told However, this nuance apparently didn’t come through in the announcement. The reaction to the initial news was enormous, with many people believing that BlackRock were directly involved in the move. “BlackRock has officially launched tokenized funds,” one Twitter (aka X) user Graham RodfordRodford HBAR’s value has pulled back in response to this news, dropping by 38% to $0.1301 since hitting its 24-hour high of $0.1832. Larry Fink, the CEO of BlackRock, has been a Edited by Andrew HaywardDisclaimerThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
