Abrdn has announced that digital asset exchange, broker and custodian Archax has created a tokenised representation of its interests in the multi-billion Aberdeen Standard Liquidity Sterling Fund.
The Edinburgh-headquartered financial services group stated that this means it has reached a key milestone in its developing digital assets strategy.
Financial Conduct Authority-regulated Archax’s tokens leverage the Hedera Hashgraph distributed ledger technology (DLT), of which abrdn is a governing council member.
