Archax Introduces Pool Tokens on Hedera Network
UK-based archax has rolled out pool tokens, an innovative way to build multi-asset portfolios using Hedera’s blockchain.
Archax, under the UK’s Financial conduct Authority regulations, joined forces with Hedera. They introduced pool tokens on Sept. 10. These tokens allow users to own a variety of assets with a single cryptocurrency unit on Hedera (HBAR).
So,what’s a pool token? Simply put,it’s a type of digital asset representing a bundle of other assets. Archax and Hedera’s version allows creating baskets containing stocks, bonds, mutual funds, and cryptocurrencies. This means investors can diversify holdings easily.
Graham Rodford, Archax CEO, believes pool tokens streamline investment portfolios. He says, “Issuers can now craft tailor-made indices, all while adhering to strict regulatory standards.”
- The debut portfolio includes BlackRock, Aberdeen, and State Street funds.
- These tokens streamline portfolio moves across different chains, reducing paperwork hassles.
- They can also serve as collateral on Archax’s Nest network.
This advancement promises a new era of digital investing, combining flexibility with stringent regulatory oversight.
