BlackRock’s collaboration with this altcoin has resulted in massive price increases!

While Bitcoin (BTC) and altcoins continue their recovery, some altcoins are rising and standing out in the market. One of these altcoins was HBAR, the native cryptocurrency of Hedera Hashgraph.

While HBAR rose as much as 100% to $0.18, BlackRock, the world’s largest asset manager, was behind the rise.

The HBAR Foundation announced in a post that financial giant BlackRock will leverage the Hedera blockchain to tokenize its money market funds.

today we witness #RWA history @black stoneICS US Treasury Money Market Fund (MMF) has been tokenized. @girl name with @ArchaxEx and @OwneraIOWe hit a major milestone in asset management by bringing the world’s largest asset manager on-chain 🏦 pic.twitter.com/1Kye8cjAJx

— HBAR Foundation (@HBAR_foundation) April 23, 2024

A significant development for the RWA sector, the partnership also saw the participation of Archax, a London-based digital asset exchange, broker and custodian, in addition to BlackRock and HBAR Foundation.

HBAR, which rose to over $0.18 with the rise, continues to trade at $0.138, up 55% at the time of this writing.

*This article is not investment advice.