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Deployments · Archax · platform by Archax

Archax beneficial ownership tokens on State Street, Fidelity International and LGIM money market fundsNew

In November 2024 Archax, the FCA-regulated digital asset exchange and custodian, added money market funds from State Street (USD, GBP and EUR Liquidity LVNAV funds), Fidelity International (ILF USD, sterling and euro funds) and LGIM (sterling, USD and euro liquidity funds) to its platform. It mints "beneficial ownership tokens" representing its clients' holdings in the funds, initially on Hedera, the XRP Ledger and Arbitrum, for professional and institutional investors, and pitches them as yield-bearing collateral between counterparties. Archax later launched Pool Tokens on Hedera, the first holding equal parts of money market funds from abrdn, BlackRock, State Street and Legal & General. No balances per fund have been published; Hedera says Archax has tokenised more than $300 million across all assets.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since Nov 2024[1][2] — Professional investors only; no balances or transactions per fund published, so the weakest live level. · Reviewed 12d ago

Assets
Beneficial interest[1]
Archax beneficial ownership tokens over clients' holdings in the funds, plus Pool Tokens over several funds
Networks
Hedera Public, permissioned[1][2]
XRP Ledger Public, permissionless[1]
Named for launch; no token on it confirmed.
Arbitrum Public, permissionless[1]
Named for launch; no token on it confirmed.
Use cases
Fund subscription and redemption[1]Collateral mobility[1]
Jurisdictions
United Kingdom

Participants

Assets

Metrics

  • over $300mTokenised assets on Archax (all products) · as of 16 Oct 2025context[2]
    Platform-wide figure across 100+ tokenised assets and six managers, not this range alone.

Timeline

  1. Happened 2025 (year only) · Scope expansion · recorded 27 Oct 2026
    Archax launches Pool Tokens on Hedera, the first holding equal parts of abrdn, BlackRock, State Street and Legal & General money market funds.[2]
  2. Happened 21 Nov 2024 · Launch · recorded 27 Oct 2026
    Archax adds State Street, Fidelity International and LGIM money market funds, offered as beneficial ownership tokens on Hedera, the XRP Ledger and Arbitrum.[1]

Sources

  1. [1]Archax Increases Tokenized Funds — Markets Media, 21 Nov 2024. Accessed 27 Oct 2026. Reports Archax's release, quoting its description of beneficial ownership tokens minted by Archax representing clients' holdings in the funds..C
  2. [2]Archax case study — Hedera, 16 Oct 2025. Accessed 27 Oct 2026.C

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