Digital asset exchange tokenises stake in £16bn abrdn money market fund

Part of abrdn's digital asset strategy

Elliot Gulliver-Needham
clock • 1 min read

Archax, the digital asset exchange, has created a tokenised representation of its interest in the £15.7bn Aberdeen Standard Liquidity fund.

abrdn said the development represented "a key milestone" in the firm's digital asset strategy. The Edinburgh-based asset manager became the largest external shareholder in Archax last year, citing the potential of tokenisation of assets as a key reason for purchasing a stake. The tokens use the Hedera Hashgraph distributed ledger technology, which abrdn is a governing council member of. Calastone: Tokenisation will revolutionise the 100-year-old fund structure abrdn is currently working towards creating a tokenised strategy where digital tokens can be transferred, held and managed ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Alternatives

Sarah Miller (pictured), senior vice president Redington's manager research team

Redington's Sarah Miller: How retail investors can approach real assets implementation

Liquid vs illiquid markets

Sarah Miller
clock 23 November 2023 • 4 min read
Blackstone Diversified Multi-Strategy sought to provide investors with a diversified blend of alternative strategies and hedge fund managers in a single daily liquid UCITS fund.

Blackstone to close multi-strategy fund as assets tumble 90%

Diversified Multi-Strategy fund

Valeria Martinez
clock 21 November 2023 • 1 min read
The fund is the latest addition to Pantheon's $7bn global private wealth platform, which offers a range of evergreen fund solutions, including the $2.4bn AMG Pantheon fund: Credit: iStock

Pantheon expands wealth offering with launch of open-ended private equity fund

Subscriptions starting at $25,000

Valeria Martinez
clock 13 November 2023 • 1 min read