Hedera(HBAR) Price Soars 70% on False BlackRock Association

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Hedera’s announcement on Tuesday about tokenizing BlackRock’s U.S. Treasury money market fund on its blockchain sparked a significant surge in trading activity for the platform’s native cryptocurrency, HBAR. However, it’s important to clarify that BlackRock was not directly involved in this tokenization project on Hedera. The news has opened the floodgates to TradFi giants realizing how big of a game-changer Hedera is.

Today we witness #RWA history as @BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @Hedera with @ArchaxEx and @OwneraIO, marking a major milestone in asset management by bringing the world’s largest asset manager on-chain