Archax has launched a “pool token” for digital asset exchanges, brokerages and custodians, regulated in the UK by the Financial Conduct Authority, enabling the creation of multi-asset portfolios on the Hedera network.
summary
- The UK-controlled platform Archax has partnered with Hedera to activate the pool token feature.
- Pool tokens allow market participants to create multi-asset portfolio on-chains.
- Users can transfer pool tokens or use them as collateral.
Archax and Hedera announced the partnership and launch of the Pool Token feature on September 10th. This allows users to take advantage of tokenization via a single token in Hedera (HBAR). With the launch of pool tokens, users can now create multi-asset portfolio OnChain from tokenized assets across the market.
What is a pool token?
A “pool token” is a new transferable token that represents a basket of on-chain tokenized assets. In the context of Archax and Hedera integration, this is a token that allows the issuer to create a multi-asset portfolio containing a variety of assets, such as stocks, debts, funds, cryptocurrency and more.
According to Archax, pool tokens allow investors to diversify their investment strategies, and the flexibility of creating increases the overall advantages of on-chine products.
“We’re committed to providing a range of services to our customers,” said Graham Rodford, Archax co-founder and CEO.
“By enabling the creation of pool tokens, issuers can come to us and create native on-chain portfolios, baskets, indexes or funds. Tokenized portfolios can be assembled, transferred and managed with speed and flexibility.
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Blackrock funds for the first basket
The rollout is lined with the first pool tokens covering baskets covering baskets covering baskets covering property managers such as Aberdeen, BlackRock, and State Street.
In addition to creating instant funds, pool tokens offer the benefits of transferability and complexity. In this case, users can migrate their entire portfolio across the chain without the burden of complex documents or friction with transfer agents.
Pool tokens can also be used as collateral for Archax’s Nest Network.
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