Today Hedera announced that asset manager abrdn has joined its governing council. Unlike most public blockchains, Hedera is a distributed ledger, not a blockchain and the governing council is controlled by 27 large corporates, including IBM, Google, Boeing, Nomura, Standard Bank, DBS Bank and FIS.
With £508 billion ($577billion) in assets under management, abrdn is one of the UK’s largest fund managers. It’s exploring using Hedera for tokenizing funds.
“Becoming the first asset manager to be accepted on to the Hedera Governing Council further strengthens abrdn’s position as a leader in the development of the digital asset ecosystem,” said Duncan Moir, Senior Investment Manager at abrdn. “We chose to join a number of leading global organizations on the Hedera Governing Council, because Hedera’s emphasis on strong governance, innovation, and sustainability aligns closely with our values.”
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