Archax turns tokenized Treasurys into a yield geyser on Hedera 💸

Archax has launched real-time yield payments on the Hedera network, allowing interest generated by tokenized securities to be distributed continuously in USDC rather than at set intervals. The system updates automatically as tokenized securities move between wallets, with cash flows transferring alongside the underlying asset so yield follows ownership in real time. Archax said the infrastructure supports applications including real-time coupon payments and revenue-sharing arrangements, and noted that most tokenized securities still distribute interest through periodic payments similar to traditional financial products.

The launch extends Archax's prior tokenization work on Hedera, including the September introduction of Pool Tokens that bundle multiple tokenized assets into a single onchain instrument, one of which is backed by money market funds from several major asset managers. Graham Rodford, CEO and co-founder of Archax, said tokenization was "the first step," adding that real-time cash flows could allow tokenized assets to support yield streams and reduce market inefficiencies. Archax operates as a UK-regulated digital asset exchange and custodian, while Hedera is a public distributed ledger used by financial institutions building tokenized asset products. According to Hedera, Archax's platform now hosts more than $300 million in tokenized assets from six asset managers.

Yield-bearing tokenized assets are drawing increased institutional interest, with tokenized money market funds emerging as a fast-growing slice of the real-world asset market. In April, OKX added BlackRock's BUIDL tokenized Treasury fund to a collateral framework with Standard Chartered, enabling institutional clients to use the yield-bearing asset as trading margin while it remained in regulated custody. Weeks later, JPMorgan filed to launch a tokenized money market fund on Ethereum aimed at stablecoin issuers, designed to invest in Treasury bills and overnight repurchase agreements so issuers can earn yield on reserves backing their stablecoins.

The broader RWA market has continued to expand despite weakness across much of crypto. Binance Research reported that the value of active tokenized RWAs has risen 589% since early 2025, with tokenized bonds and money market funds adding roughly $6.5 billion in value over the period. Growth in tokenized US Treasurys began climbing in early 2025, according to RWA.xyz data, as more financial institutions moved yield-bearing instruments onto public and permissioned blockchain networks.