Hedera Council member @Aberdeen_plc partners with @ArchaxEx and @LloydsBank to enable RWAs to be used as collateral, the UK’s first use of digital assets in this way🌐

Today, with Lloyds Banking Group and Aberdeen Investments we’re proud to announce a landmark collaboration using tokenised real-world assets (RWAs) as collateral - the UK’s first use of digital assets.

In a UK-first initiative, tokenised units of Aberdeen Investment’s money market fund (tMMF) and tokenised UK gilts were used as collateral for foreign exchange (FX) trades between Aberdeen and Lloyds. These digital tokens were issued, transferred, and securely held by Archax - a UK FCA-regulated digital asset exchange - on the Hedera Hashgraph public permissioned blockchain.

You can read the full article here and also on Bloomberg:

https://t.co/rUQ7lfAZKu

https://t.co/Bs6BSnnX1G