Hedera has onboarded 12 money-market funds from BlackRock and State Street, marking a major real-world asset win for the network. The move opens the door to potentially trillions in tokenized cash management on HBAR rails.
State Street is focused on rebuilding traditional assets to run on faster, modern financial rails using blockchain technology, CEO Ronald O'Hanley said, emphasizing the effort is about infrastructure — not bitcoin.
Custody giant State Street is launching tokenized deposits and stablecoins to expand its digital asset offering. The move aims to speed settlements, deepen institutional liquidity, and push further mainstream adoption of crypto infrastructure.