Archax, a U.K.-regulated crypto exchange and custodian, has announced that it will add money market funds from State Street, Fidelity International, and Legal & General Investment Management (LGIM) to its platform. Tokenized access to these funds will be made available on various blockchain networks, including Hedera Hashgraph, XRPL, and Arbitrum. Archax will issue beneficial ownership tokens to represent clients' holdings in these funds. The move comes as tokenization of real-world assets gains momentum and traditional finance giants like BlackRock and Franklin Templeton enter the space. Archax recently agreed to acquire King & Shaxson Capital Markets, pending regulatory approval.



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