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Hedera's HBAR Doubles as Market Misinterprets BlackRock's Involvement in Tokenization, Then Falls 25%

The market gave back some of its earlier gains after realizing BlackRock wasn't directly involved in the tokenization on Hedera's blockchain.

By Oliver Knight|Edited by Parikshit Mishra, Marc Hochstein, Kevin Reynolds

Updated Apr 25, 2024, 7:51 p.m. Published Apr 24, 2024, 7:09 a.m.

HBAR Foundation said "BlackRock fund is tokenized," Crypto Twitter heard "BlackRock has tokenized fund." (Wikimedia Commons)