Archax and Hedera Launch Pool Tokens for Digital Asset Portfolios

Archax, a UK and EU-regulated digital asset exchange, has introduced Pool Token functionality on the Hedera Network. This innovation enables the creation of on-chain, multi-asset portfolios by bundling tokenized assets into a single token. The underlying assets can range from debt instruments to exchange-traded products and individual savings accounts.

The inaugural Pool Token on Hedera will comprise equal parts of money market funds from Aberdeen, BlackRock, State Street, and Legal & General – effectively creating a digital 'fund of funds.' This development signals a significant step in the digitization of traditional financial markets, offering institutional investors new flexibility in portfolio construction.

Pool Tokens represent a departure from conventional investment vehicles like mutual funds and ETFs. By eliminating the constraints of share classes, prospectuses, and custodial limitations, these tokens allow for real-time portfolio assembly with instantaneous settlement. "This launch delivers unprecedented flexibility in on-chain portfolio construction," said Graham Rodford, Archax's CEO.