Hedera HBAR Surges 40% on Strategic Tokeny Partnership for Institutional Tokenization
Hedera’s native token HBAR experienced a 40% surge in 24-hour trading volume, reaching $225.96 million, following the announcement of a strategic partnership between the HBAR Foundation and Tokeny. This collaboration focuses on advancing institutional adoption of tokenization using Hedera’s carbon-negative blockchain infrastructure.
Tokeny, a leading platform for compliant asset tokenization, will utilize Hedera’s enterprise-grade network to expand its institutional services. Market analysts note this bullish movement contrasts with broader crypto market caution, as highlighted by prominent trader Ace of Trades.