The tokenization of real-world assets (RWA) by Lloyds Bank and Aberdeen Asset Management through Hedera will mark a new milestone in institutional exposure to HBAR. Archax implemented this initiative on its DeFi platform to test scalable financial processes based on blockchain using tokenized units of Aberdeen's money market fund.
Lloyds Bank has a market capitalization of $60 billion, and Aberdeen Asset Management manages over $650 billion in assets. This pilot goes beyond a small test and demonstrates institutional confidence in Hedera's infrastructure.
The agreement also makes Hedera a legitimate network that can be used to manage enterprise-level tokenizations that comply with financial industry standards. This is particularly practical in the United Kingdom, where $5.4 trillion in derivatives are settled daily.
The growing interest in the HBAR ETF, with approval odds of up to 90%, further strengthens the bullish argument for the price.
In short, the recent bullish trend of HBAR is due to an unusual combination of strong technical setup and institutional adoption. The breakout from a double bottom pattern, accompanied by historic open interest and spot capital outflows, highlights a long-term bullish conviction, and this appears to be a good asset to capitalize on dips.
*This does not constitute financial advice*
