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Hedera Hashgraph: Updates and clarifications on BlackRock involvement
In the world of cryptocurrencies, news can have a significant impact on prices and market perception. Recently, Hedera Hashgraph has been in the spotlight following news that sparked confusion and Fomo in the price of its token $HBAR
The original news suggested that a fund of #BlackRock had been tokenized and would be listed on the Hedera network. However, this interpretation turned out to be an oversimplification of reality. In fact, Archax, a UK-regulated digital asset broker, tokenized the US fund BlackRock ICS, which holds US government debt. This operation was not an absolute novelty for Archax and did not imply direct participation by BlackRock in the decision to tokenize the fund.
Although BlackRock is actively involved in the cryptocurrency sector and recently launched a tokenized fund on the Ethereum network, its involvement in the Hedera initiative was limited to the role of manager of the fund tokenized by Archax. On my Twitter account (X) I will be publishing potential indicators for tradingview, and thus multiply our money just by following me on @AnjesCordanov
In conclusion, while the cryptocurrency market can be influenced by news and interpretations, it is essential to have a clear understanding of the facts. Hedera Hashgraph continues to expand and integrate with new partners, while BlackRock maintains an important role in the traditional financial and emerging cryptocurrency sectors. Clarity in communication and deep understanding of events are key to navigating the dynamic cryptocurrency market.
