BlackRock clarifies that it has no business relationship with Hedera, HBAR falls more than 30% in 24 hours

A BlackRock spokesperson confirmed that BlackRock has no business relationship with Hedera, and BlackRock has not chosen Hedera to tokenize any BlackRock funds, including its $22 billion money market fund. OKX quotes show that HBAR is temporarily reported at 0.11875 USDT, down 30.3% in 24 hours. (Cointelegraph) Earlier news, the Hedera Foundation announced on Tuesday that it would cooperate with Archax to tokenize BlackRock's ICS U.S. Treasury Money Market Fund on the Hedera chain. Hedera supporters began claiming on social media that BlackRock chose the Hedera chain to tokenize its fund, although this is not the case. Archax CEO Graham Rodford clarified yesterday that putting (the fund) on the Hedera chain was indeed Archax's choice, and BlackRock was not directly involved in launching a tokenized money market fund on the Hedera chain.