Digital asset exchange tokenises stake in £16bn abrdn money market fund

Part of abrdn's digital asset strategy

Archax, the digital asset exchange, has created a tokenised representation of its interest in the £15.7bn Aberdeen Standard Liquidity fund.

abrdn said the development represented "a key milestone" in the firm's digital asset strategy. The Edinburgh-based asset manager became the largest external shareholder in Archax last year, citing the potential of tokenisation of assets as a key reason for purchasing a stake. The tokens use the Hedera Hashgraph distributed ledger technology, which abrdn is a governing council member of. Calastone: Tokenisation will revolutionise the 100-year-old fund structure abrdn is currently working towards creating a tokenised strategy where digital tokens can be transferred, held and managed ...