Archax, a U.K.-regulated crypto exchange and custodian, has added funds from State Street, Fidelity International and Legal & General Investment Management (LGIM) to the range of tokenized real-world assets (RWAs) that it offers, the company said in a press release Wednesday.

The firm will initially provide tokenized access to certain State Street Global Advisors, Fidelity International and LGIM money market funds. Other types of funds may also be added in the future, the company said.

Archax will issue beneficial ownership tokens representing clients' holdings in such funds. These will initially be made available on Hedera Hashgraph, XRPL and Arbitrum, with other blockchains potentially following.

CoinDesk revealed last month that Legal & General, the London-headquartered pension and investment management firm with $1.5 trillion in assets under management, was planning to enter the tokenization space.

The tokenization of real-world assets has grown as traditional finance giants have waded into the space. BlackRock, Franklin Templeton and Abrdn have all launched tokenized funds.

"Tokenized real-world assets, and in particular funds, are really gaining momentum," said Graham Rodford, CEO and co-founder of Archax, in the release. "The industry sees the path to additional distribution and liquidity that tokenization brings, as well as the new innovative use cases like collateral transfer," Rodford added.

Archax agreed to buy Spanish broker King & Shaxson Capital Markets (KSCM) last month for an undisclosed amount. The acquisition's completion is subject to Spanish regulatory approval.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。