Abrdn Continues Crypto Push With Hedera Partnership

U.K. investment company Abrdn has joined the Hedera Governing Council to improve fund management using Hedera Hashgraph’s technology.

Initially, Abrdn wants to list tokenized investment funds on a digital exchange through Hedera Hasgraph’s robust governance model, innovative technology, and environmentally-friendly operations, according to a Hedera blog post. 

Why Abrdn chose Hedera

Abrdn, with over $570 million in assets under management, also sees an opportunity to use Hedera’s technology for other distributed ledger-based services in collaboration with third-party Council members. 

“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. With rapid speed and asynchronous Byzantine Fault Tolerance (ABFT) security, Hedera offers a highly promising DLT solution for the fund management industry, and we look forward to joining them on their journey,” said Duncan Moir, an Abrdn investment mana