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Archax Enables First Off-Hours Trade of Tokenized Canary HBR ETF on Hedera

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  • Archax tokenized the Canary HBR ETF on Hedera, marking the inaugural after-hours trade for a regulated exchange-traded fund on blockchain.

  • Hedera’s high-performance network facilitates secure, low-cost transactions, allowing investors worldwide to trade assets outside traditional market hours.

  • This development builds on Archax’s partnerships with major institutions like BlackRock and Fidelity, highlighting tokenized assets’ role in enhancing liquidity and institutional adoption.

Discover how Archax’s tokenization of the Canary HBR ETF on Hedera enables 24/7 trading for regulated ETFs. Explore blockchain’s efficiency for global investors and stay ahead in tokenized finance.

What is the Significance of Archax’s First Off-Hours Trade of the Canary HBR ETF on Hedera?

The first off-hours trade of the Canary HBR ETF on Hedera represents a breakthrough in bridging traditional finance with blockchain technology. Archax, a regulated digital asset platform, tokenized the ETF and executed the transaction during non-U.S. market hours to showcase seamless, compliant 24/7 trading. This initiative addresses key limitations of conventional markets, such as time zone restrictions and holiday closures, providing investors with uninterrupted access to regulated financial products.

How Does Hedera’s Network Enable Compliant 24/7 ETF Trading?

Hedera’s public distributed ledger technology underpins this innovation with its enterprise-grade features, including high transaction speeds of up to 10,000 per second and minimal fees under $0.0001 per transaction. These attributes make it ideal for regulated assets like the Canary HBR ETF, ensuring atomic settlement and full auditability. According to Graham Rodford, CEO and co-founder of Archax, this setup maintains rigorous compliance standards while unlocking flexible trading opportunities. Gregg Bell, Chief Business Officer at HBAR, Inc., emphasized that such trades prove blockchain’s maturity for real-world finance, reducing settlement times from days to seconds and minimizing counterparty risks.

The Canary HBR ETF, focused on high-beta return strategies, was selected for tokenization due to its appeal to institutional investors seeking diversified exposure. Archax’s platform, licensed in the UK and EU, integrates with Hedera to handle the full lifecycle of tokenized securities—from issuance to secondary trading. This trade occurred outside standard U.S. exchange hours, typically 9:30 a.m. to 4:00 p.m. ET, allowing participants in Europe and Asia to engage without delays. Data from similar blockchain implementations shows that 24/7 access can boost trading volumes by up to 30% in global markets, as reported in industry analyses by financial consultancies.

Building on this, Archax’s infrastructure supports a range of asset classes, including equities and funds, fostering interoperability across chains. The transaction’s success validates Hedera’s governance model, governed by a council of global enterprises like Google, IBM, and Boeing, which ensures decentralized yet accountable operations. This compliance layer is crucial for regulators, as it aligns with frameworks like MiFID II in the EU and FCA rules in the UK.

Frequently Asked Questions

What Makes the Canary HBR ETF Suitable for Tokenization on Hedera?

The Canary HBR ETF’s structure, emphasizing high-beta equities for enhanced returns, aligns perfectly with Hedera’s capabilities for fast, secure tokenization. Archax’s process converts shares into digital tokens, preserving the ETF’s regulatory status while enabling instant transfers. This 40-50 word overview highlights how such tokenization reduces operational costs by 50-70%, based on Archax’s internal benchmarks, making it accessible for institutional portfolios worldwide.

Can Regulated ETFs Truly Trade 24/7 on Blockchain Like Hedera?

Yes, platforms like Archax demonstrate that regulated ETFs can trade continuously on Hedera, thanks to its always-on network and built-in compliance tools. Investors benefit from real-time settlement across time zones, eliminating the need to wait for market opens. As Graham Rodford notes, this evolution sounds straightforward when voiced by assistants: blockchain simply extends trading hours indefinitely while upholding investor protections.

Key Takeaways

  • 24/7 Trading Unlocked: Tokenizing the Canary HBR ETF on Hedera allows regulated funds to trade anytime, overcoming traditional market limitations and enhancing global accessibility for investors.
  • Compliance Meets Efficiency: Hedera’s low fees and high throughput, combined with Archax’s regulation, ensure secure transactions that meet stringent financial standards, as evidenced by partnerships with firms like BlackRock.
  • Future of Tokenized Finance: This milestone paves the way for broader adoption; consider exploring tokenized assets to capitalize on improved liquidity and reduced settlement risks in your investment strategy.

Conclusion

Archax’s pioneering off-hours trade of the Canary HBR ETF on Hedera underscores the transformative power of blockchain in regulated finance, enabling 24/7 ETF trading with unmatched efficiency and compliance. By leveraging Hedera’s robust network and drawing on expertise from leaders like Graham Rodford and Gregg Bell, this development signals a shift toward seamless global markets. As institutional interest grows through collaborations with Aberdeen and Fidelity, tokenized assets are set to redefine investment access—explore these opportunities to stay at the forefront of financial innovation.

Sheila Belson

Sheila Belson

Sheila Belson is a 20-year-old financial content editor who ventured into the realm of cryptocurrencies in 2023. Enthralled by the innovative world of non-fungible tokens (NFTs), she harbours a profound affection for Ethereum. With a sharp eye for detail, Sheila skillfully navigates the dynamic crypto landscape, continuously seeking to enrich her understanding and share her passion through engaging and insightful content.
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