Archax Co-Founder: BlackRock was not directly involved in deploying the ICS Fund on the Hedera chain

Odaily Odaily News: The Hedera Foundation announced on Tuesday that it has partnered with Archax to tokenize BlackRock's ICS U.S. Treasury Money Market Fund on the Hedera chain. Hedera supporters began claiming on social media that BlackRock chose the Hedera chain to tokenize its fund, although this is not the case. Hedera's native HBAR token soared more than 107% on Tuesday before falling back 25%. Archax CEO Graham Rodford clarified today that it was indeed Archax's choice to put (the fund) on the Hedera chain, and BlackRock was not directly involved in the launch of a tokenized money market fund on the Hedera chain. HBAR's current funding rate is negative as traders look to short the recent surge. (CoinDesk)