Odaily News Archax, a UK-based compliant crypto exchange, announced that it will offer tokenized money market funds backed by State Street, Fidelity International and Legal & General Investment Management (LGIM). The first batch of tokenized assets will be issued on the Hedera Hashgraph, XRPL and Arbitrum blockchains, and asset ownership will be represented by tokenized equity held by customers. In the future, Archax also plans to add more types of fund products. It is worth mentioning that traditional financial giants such as BlackRock, Franklin Templeton and Abrdn have also launched tokenized funds. Archax has also previously acquired Spanish brokerage firm King & Shaxson Capital Markets (KSCM), and the transaction is still pending approval from Spanish regulators.

Odaily News The Hashgraph Association (THA), a nonprofit organization building an ecosystem using Hedera Hashgraph's decentralized ledger technology, announced that it will work with stakeholders in Qatar to explore five digital asset use cases over the next 12 months. The organization stated on its official LinkedIn platform that it will study the tokenization of stocks, real estate, and Islamic bonds. In addition, the nonprofit will also explore use cases for digital assets in sustainable development, such as carbon credits, consumer engagement, and loyalty programs. (Cointelegraph)

Odaily News Nillion, a "blind computer" based on multi-party computing, announced its integration with Arbitrum. This collaboration will reduce the settlement costs of Nillion-based applications and introduce Nillion's privacy solutions to Arbitrum. The integration will enable applications on Nillion to settle on Arbitrum, leverage the liquidity of this L2, and open up the design space for DApps on Arbitrum to access private storage and computing. In a sense, Nillion functions like an oracle for blockchain. Nillion's distributed network focuses on general data computing and processing. Unlike blockchains, which require nodes to store a complete record of transaction ledgers, Nillion nodes store and process private, sensitive, and high-value data without any node being able to see the data. Nillion was founded in 2021 by former Uber, Indiegogo, Hedera Hashgraph employees, and executives from Coinbase and Nike. The company also announced last week that it is working with decentralized AI startup Ritual to develop decentralized blind AI reasoning technology. (The Block)