Archax enables on-chain portfolio on Hedera with the launch of Pool Token

According to Coinjie.com, Archax is a digital asset exchange, brokerage and custodian regulated by the UK Financial Conduct Authority. It has launched "pool tokens" to create a multi-asset portfolio on the Hedera Network. Archax and Hedera announced the launch of partnerships and Pool Token capabilities on September 10, noting that the new product allows users to enter the tokenization space through a single token on Hedera (HBAR). The launch of pool tokens means that users can now create on-chain multi-asset portfolios from tokenized assets in the market. "pool token" is a new transferable token that represents a basket of tokenized assets on the chain. In the case of Archax and Hedera integration, this is a token that will allow issuers to create a multi-asset portfolio that can include a range of assets such as equity, debt, funds and cryptocurrencies. According to Archax, pool tokens allows investors to diversify their investment strategies, creating flexibility increases the overall advantage of on-chain products. "By enabling the creation of Pool Tokens, issuers can come to us to create a native on-chain portfolio, basket, index or fund. Tokenized portfolios can be assembled, transferred and managed quickly and flexibly, so we are eliminating the operational inefficiency that has long plagued traditional investment structures—while maintaining regulatory compliance and institutional-level security." The first Pool Token has been arranged for the first launch to mix some of the world's top money market funds, which covers asset management companies such as Aberdeen, BlackRock and State Street. In addition to instant fund creation, pool tokens also have the advantages of transferability and composability. In this case, users can migrate their entire portfolio on-chain without the need for complicated paperwork or friction with transfer agents. Pool tokens can also be used as collateral on Archax's Nest network.