Hedera’s native token, HBAR, has dropped by about 3.5% in the past 24 hours, trimming weekly gains to just over 10%.
Despite the dip from prices above $0.20 this past week, Hedera remains largely bullish. The altcoin could see fresh traction following a key strategic partnership.
The HBAR Foundation’s support for Hedera continues with a new real-world asset (RWA) tokenization initiative, a move that adds to the network’s RWA adoption.
HBAR Foundation and Tokeny partner to drive tokenization on Hedera
On April 28, Tokeny, an on-chain finance infrastructure platform, announced it was teaming up with The HBAR Foundation.
The platforms want to bring scalable, compliant, and eco-friendly tokenization solutions to institutions via Hedera.
Tokeny will leverage Hedera’s enterprise-grade, carbon-negative ledger.
In this case, the aim is to tap into Hedera’s growth to bring tokenized financial products to institutional investors, a move that potentially positions HBAR as a key player in the digital finance space.
Commenting on the partnership, Tokeny’s CEO Luc Falempin said:
“Tokeny’s technology was designed from the start to meet the needs of institutions. Building on Hedera unlocks a powerful combination with enterprise-grade tokenization infrastructure on a network built for speed, security, and sustainability.”
What does this mean for HBAR?
HBAR Foundation and Tokeny’s collaboration builds on the existing framework of the non-profit ERC-3643 Association, with the main goal being to standardize RWA tokenization.
We’re excited to announce that @TokenySolutions, the leading onchain operating system for compliant asset tokenization, has integrated with @Hedera to scale institutional asset tokenization on the network 🏦
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Tapping into Hedera’s energy efficiency platform and Tokeny’s sustainability-focused solutions could drive new demand for HBAR-powered tokenized assets, including real estate, equities, and debt instruments.
“This collaboration reinforces Hedera’s position as a leader for compliant digital finance and opens the door for institutions to confidently launch tokenization strategies onchain,” Sabrina Tachdjian, director of fintech & payments at The HBAR Foundation, said.
While the partnership has not sparked a major uptick for HBAR’s price, the potential is in what the deal promises.
HBAR price currently stands at $0.1899 with a 24-hour trading volume of $191 million.
Hedera’s low-cost, high-speed network is poised for a tokenized securities explosion.
As institutions begin to bring assets onto Hedera, they can easily do so within just a few weeks via Tokeny’s white-label solution.
It also means seamless integration of on-chain finance APIs into businesses’ existing systems.
Users will not suffer the high costs and time-consuming development.
If HBAR can hold above support and reclaim $0.20, sustained upward momentum could push Hedera’s native token higher.
Supply wall hurdles may be at $0.26 and $0.35, the latter having recently signalled a local top.
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