Archax, a leading institutional-grade digital asset exchange, broker, and custodian, announces it has deepened its partnership with the HBAR Foundation, the non-profit organization supporting the Hedera Hashgraph network. The expanded partnership will focus on expanding support for HBAR staking, the native cryptocurrency of the Hedera network, and pursuing further tokenization projects.
Building on the recent addition of HBAR to Archax’s crypto spot market, the company has further integrated support for the Hedera network and Hedera Token Service (HTS) into its products and services. This includes integrating staking support for HBAR, enabling institutional investors holding HBAR in custody with Archax to earn yield on their assets.
“We are thrilled to further strengthen our partnership with the HBAR Foundation and expand our support for the Hedera network,” said Graham Rodford, CEO and co-founder of Archax. “As an FCA-registered digital asset exchange, broker, and custodian, it is vital for us to use credible technologies. Hedera’s technology and ESG credentials are excellent, and we are excited to collaborate on new tokenization projects. Additionally, abrdn, a member of the Hedera Governing Council, is our largest external shareholder, which further strengthens our partnership.”
“The Hedera network is the best choice for institutional-grade tokenization, offering a robust platform specifically designed to meet the needs of enterprises and the scale of the largest financial institutions globally,” said Shayne Higdon, Co-Founder and CEO of the HBAR Foundation. “With high performance and scalability, Hedera is establishing itself as the technology layer for institutions and their evolving financial strategies. Together with Archax and its partners, we look forward to accelerating the establishment of Hedera as the preferred choice for institutional-grade tokenization.”
Dwight van Diem, Managing Partner at BCW Group, commented: “We are excited to partner with Archax to facilitate their ability to provide staking wallet services for HBAR. It is extremely important for the Hedera ecosystem that access to staking is available at all levels, and the addition of an institutional provider enables the custodial-minded to now participate.”
Archax is committed to providing institutional-grade services to professional and institutional investors. The company applies robust compliance and regulatory standards to ensure that its clients can trade and custody digital assets with confidence.
This expanded partnership with the HBAR Foundation further demonstrates Archax’s commitment to providing comprehensive support for the Hedera network and its tokenization ecosystem. With the addition of staking support, institutional investors can now earn yield on their HBAR holdings while also participating in the network’s secure and efficient operations.