Graham (@Grodfather) on X (original) (raw)

CEO, Co-founder of Archax Ltd. First UK registered cryptoasset trading venue and regulated digital asset exchange for all your RWA needs.

• 
  (1/18) Fund tokenisation, a thread (which may help with some confusion). Let me set the scene – and please stay with me to the end...
  @ArchaxEx
  is an FCA regulated broker, custodian and exchange, and registered cryptoasset provider in the UK.
• 
  Replying to @DJ_Bax01 @BlackRock and 2 others
  Hey
  @DJ_Bax01
  - all parties involved were aware that we were tokenising on Hedera. We always speak to issuers before tokenising their assets on chain.
• 
  Replying to @markchadwickx
  @hbarTaTa
  is right. We've created the contracts for all funds we have available on
  @ArchaxEx
  . Hopefully we will see those with balances on rwa.xyz soon. 👀 The use case for
  $hbar
  is transactions involving these instruments i.e. buy/sell/transfer as collateral.
• 
  Replying to @Grodfather
  (17/18) If we decide to tokenise, arguably we do not need to approach the investment manager, but we always do as we want long term relationships. The investment manager’s level of involvement can vary but both abrdn and Blackrock were aware that we were tokenising on Hedera.
• 
• 
• 
  Replying to @Grodfather
  (18/18) Neither objected, hopefully due to our integrity and regulatory permissions. I encourage you, wherever possible, to read official press releases associated with any news and you will always find ours (and maybe some other interesting stuff) on
  @archaxex
  or
  @archaxcrypto
  .
• 
• 
  Just watched
  @The_DTCC
  ’s The Great Collateral Experiment — hands down the most compelling tradfi demo I’ve seen. Not just vision, but a live, working product showing how tokenised collateral can transform markets. When the parent of the world’s largest CSD makes this move, it’s
• 
  Great to be working with another great community in the space. Over 100 funds now available on
  @StellarOrg
  from some of the largest investment managers out there.
  $XLM
  also available on
  @ArchaxEx
  .
• 
  Replying to @Grodfather
  (12/18) In the case of both
  @abrdn
  and
  @Blackrock
  , Archax (to the knowledge of both investment mgrs) has been instructed by our clients to invest in their funds. Therefore, from the investment manager’s perspective, they see our nominee company as the legal title holder.
• 
  🚀 Proud to collaborate with
  @LBGplc
  and
  @aberdeenInv_UK
  on pioneering the use of tokenised money market funds and gilts to meet FX settlement obligations via
  @ArchaxEx
  using Nest, our on-chain collateral transfer network. This is what real-world utility of digital assets looks
• 
  Cool to chat with @0xJesusMartinez and thanks for the off camera gaming node education.
• 
  “Is there a real use case for cryptocurrencies?” We get asked this often at
  @ArchaxEx
  . Here’s what we believe — and why it’s helping to shape our strategy. 🧵 (1/6)