Assetera and Archax Partner to Distribute Tokenized Real-World Assets in Europe
Assetera, a regulated Digital securities trading venue, and UK-based digital Exchange Archax have announced a strategic partnership to distribute tokenized real-world assets throughout Europe. This collaboration aims to provide investors with access to Digital Assets such as funds and structured products listed on Archax.
In 2023, Archax, a UK FCA-regulated digital assets business, began offering tokenized Investments in money Market funds managed by asset manager Abrdn through their trading platform. They utilized Technology powered by Hedera Hashgraph to tokenize Investments, starting with the Lux Sterling money market fund.
The Deal Highlights
- Assetera and Archax partnership for distributing tokenized real-world assets in Europe.
- Archax offers tokenized investments in Abrdn’s money market funds using cutting-edge technology.
- Investors gain access to digital assets, funds, and structured products through Archax.
Archax Will Give Tokenized Access to Abrdn Funds
This partnership between Assetera and Archax will enable tokenized access to money-market funds managed by Abrdn, an investment firm overseeing £506 billion in assets. The tokenized products will be initially available on Assetera, with plans to introduce additional funds from other asset managers in the future.
Thomas Labenbacher, CEO, and founder of Assetera, emphasized the significance of Tokenization in the financial services sector. McKinsey forecasts the tokenization market to reach as much as $4 trillion by 2030, making it a promising opportunity for industry players.
Tokenization Trend Gains Momentum
The trend of tokenizing traditional assets has garnered significant interest from established financial institutions. According to a report by Moody’s, the value of tokenized funds has skyrocketed from $100 million in early 2023 to an estimated $800 million in 2024, primarily fueled by the tokenization of U.S. treasuries.
This surge in tokenization reflects the growing Adoption of digital assets across regions and industries. Legacy financial institutions are increasingly exploring tokenization as a means to enhance liquidity, efficiency, and accessibility in the market.
As the digital assets landscape continues to evolve, collaborations like the one between Assetera and Archax Play a crucial role in facilitating the tokenization of real-world assets and expanding investor access to innovative financial products.
For more information and insights on the latest developments in the digital asset space, stay tuned to Cryptonews.
