🏁BlackRock & $HBAR ties have begun to show

Archax = Tokenize BlackRock MMF on Hedera
IIF = Hedera only public DLT as a member
FINOS = Hedera only public DLT as a member

With Larry Fink's comments on the future of the $10 Tril asset tokenization markets... There's lots to think about on what's to come.

As we know, BlackRock is the world's largest asset management firm.

With over $11 Tril in assets under management, they're undoubtedly a giant in the world of TradFi.

On the other hand we have Hedera that's proven to be a leader in their own regard within the DLT sector.

From the governance council made of industry giants to the entities from public & private sector that have begun leveraging Hedera.

The best from legacy working with the best in DLT.

While these connections are far from direct partnerships, it really makes you wonder...

BlackRock really hasn't been involved in too many public DLT ecosystems.

Outside of what they're doing with their own BUIDL fund & their work with Ondo Finance, BlackRock hasn't been too focused on crypto specifically.

And these connections I'm showing with Hedera & BlackRock certainly aren't focused on a "partnership".

But these lines of connections and overlaps by these two are certainly quite interesting.

The Archax case is especially unique as we had all initially thought BlackRock had tokenized onto Hedera.

While half true, it was actually Archax that managed all of the tokenization & BlackRock didn't really have a direct role aside from being the fund provider.

Though BlackRock was told about this operation ahead of time, showing some forms of communication.

But at the end of the day.... The factual truth is that there is now officially a BlackRock fund on Hedera.

How many other public DLTs can say that?!

Then there are both IIF & FINOS, these are financial focused consortiums both are involved in.

The Institute for International Finance (IIF) consists of asset managers, commercial banks, central banks & FinTechs.

But interestingly... Hedera is the ONLY public DLT here as they were added earlier in Q2 2024.

We also know the IIF is now getting involved with DLT as they're responsible of the private sector side of coordinating participants for CBDC Project Agora.

Both Hedera's IIF involvement & Agora were announced this year by the IIF... 

Seems they're getting serious on FinTech DLT.

The FinTech Open Source Foundation (FINOS) is a group created by the Linux Foundation.

As we know Hedera is deeply involved with Linux via the Decentralized Trust & them committing their entire codebase to them back in September 2024.

Once again, Hedera's the ONLY public DLT in this group.

What's especially interesting here is that FINOS is directly focused on "open sourced FinTech"

It goes without saying that this is right up Hedera's alley as an open sourced DLT that's been used for real world financial purposes.

From payments as seen with SKUx & EMTECH to asset tokenization as seen by Archax.

Hedera is a perfect fit for this group to bring open sourced Enterprise DLT to TradFi giants.

And of course... BlackRock's involved in both of these institutional focused consortiums.

The addition of Hedera as the only public DLT is a feature, not a bug.
–––––––––––––––––

BlackRock x Hedera isn't any form of official collaboration yet.

But the rails and pathways for Hedera to connect with the asset management giants beyond BlackRock have already been established.

Tokenization of financial markets & infrastructure has become a top priority.

𝐀𝐧𝐝 𝐇𝐞𝐝𝐞𝐫𝐚'𝐬 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐢𝐧𝐠 𝐭𝐡𝐞𝐦𝐬𝐞𝐥𝐯𝐞𝐬 𝐏𝐄𝐑𝐅𝐄𝐂𝐓𝐋𝐘