Archax, the UK and EU regulated digital asset platform, announced that it is adding BNY Investments’ suite of UCITS-compliant Government and Prime money market funds, and short-term bond funds to its range of tokenised real-world assets.
With these blockchain-based offerings, Archax seeks to continue providing eligible investors with regulated, on-chain investment options. The tokenised funds combine BNY Investments’ specialist strategies with the efficiency and accessibility of digital assets to enable faster settlement, enhanced transparency and greater investor flexibility.
Graham Rodford, CEO and co-founder of Archax, comments: “We are thrilled to offer BNY Investments’ UCITS Money Market funds on our digital asset platform – which reflects our shared vision of building a resilient and transparent digital asset ecosystem.”
The funds to be listed on Archax’s platform include BNY Investments’ UCITS suite of money market funds under the BNY Mellon Liquidity Funds plc (MLF) and Insight Liquidity Funds plc (ILF) umbrellas: ILF GBP Liquidity, ILF EUR Liquidity, ILF GBP Liquidity Plus, ILF EUR Liquidity Plus, BNY Mellon U.S. Treasury, and BNY Mellon U.S. Dollar Liquidity. The underlying strategies, covering USD, GBP, and EUR denominations and with AUM of $63bn, are sub-advised by BNY Investments, which manages $2.1 trillion in assets and has over five decades of liquidity management experience.
“Clients are increasingly seeking solutions that meet their liquidity needs, and offer portfolio diversification and regulatory clarity,” said Gerald Rehn, Head of EMEA Distribution at BNY Investments. “Offering our Money Market funds with Archax is another step in our strategy to offer on-chain access to BNY’s specialist investment strategies for institutional investors in the UK and Europe”.
Archax is a leading regulated digital securities exchange, broker and custodian which provides compliant and secure infrastructure supporting the issuance, trading and settlement of tokenised financial products. Archax will issue tokens representing units of the funds, initially available on Algorand, Aptos, Arbitrum, Canton, Cardano, Ethereum, Etherlink, Hedera, Solana, Stellar, XDC and XRPL.
Source: Archax
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