Archax Completes First After-Hours On-Chain Trade for Tokenized ETF on Hedera

Archax, a UK and EU-regulated digital asset platform, has successfully tokenized the Canary HBR ETF on the Hedera network and executed its first on-chain trade. The transaction occurred on November 27, 2025, coinciding with the U.S. Thanksgiving holiday, demonstrating the capability for regulated financial products to trade outside traditional market hours.

Graham Rodford, CEO and co-founder of Archax, stated that this tokenization bridges traditional and digital markets, allowing regulated products to transact on-chain while maintaining compliance. Gregg Bell, Chief Business Officer at HBAR, Inc., highlighted the trade as proof of the practical benefits of distributed ledger technology, enabling continuous market access.

The initiative leverages Hedera's enterprise-grade public network, chosen for its governance, stability, compliance features, fast transaction throughput, and low fees. This model eliminates inefficiencies tied to market hours, weekends, and holidays, offering global investors enhanced liquidity and price discovery.

Archax's multi-chain platform supports a range of tokenized assets, including bonds, equities, and funds. The company has established partnerships with major institutions like BlackRock, Aberdeen, Fidelity, Legal & General, and State Street, reflecting growing institutional trust. In July 2025, Archax also facilitated the use of tokenized UK gilts and money market fund units as collateral in foreign exchange trades on Hedera.

Emily Smart, Chief Product Officer at Aberdeen, noted that tokenization streamlines processes and improves efficiency. Archax's regulated status and ongoing U.S. expansion efforts position it to further shape the future of compliant tokenized finance.