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Assetera, a regulated platform for trading digital securities, has formed a collaboration with UK-based digital exchange Archax to distribute tokenized real-world assets across Europe.
Archax is supported by asset management firm Abrdn. In 2023, Archax, a digital assets enterprise regulated by the UK FCA, began offering tokenized investments in Abrdn’s money market funds through their trading platform, utilizing technology from Hedera Hashgraph. The company introduced its inaugural blockchain-based investment by tokenizing the Lux Sterling money market fund.
The two firms will now grant investors access to digital assets, including funds and structured products available on Archax.
Archax Will Provide Tokenized Access to Abrdn Funds
The agreement between Assetera and Archax will enable tokenized access to money market funds managed by Abrdn, an investment firm overseeing £506 billion in assets.
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The tokenized offerings will be accessible on Assetera, with additional funds from various asset managers anticipated to follow.
“Tokenization signifies a once-in-a-generation opportunity for the financial services sector, with McKinsey estimating the market could reach as much as $4 trillion by 2030,” stated Thomas Labenbacher, CEO and founder of Assetera, in a statement.
“It is essential for institutions to collaborate with reliable providers equipped with the most robust and dependable technology, which is why we are pleased to partner with Archax to deliver this,” Labenbacher added.
Tokenization Trend Gains Momentum
The increasing trend of tokenizing traditional assets has attracted the interest of established financial institutions. A recent report by Moody’s, a prominent investment risk assessment agency, indicates that the value of tokenized funds has risen from $100 million at the start of 2023 to nearly $800 million in 2024, propelled by the tokenization of U.S. treasuries.
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