UK investment firm Abrdn is taking another major leap into the digital asset space by partnering with enterprise network Hedera.
The asset manager, which oversees $579 billion in assets, will join the likes of Google, FIS, Standard Bank and Nomura on the Hedera Governing Council.
“We're really long-term investors,” said Duncan Moir, senior investment manager at Abrdn, in an interview with The Block. “We see this as being a very long-term story for us and for the industry.”
What is the Hedera network?
Hedera is an enterprise DLT stack that uses the hashgraph consensus mechanism for transactions.
The Hedera Governing Council run the consensus nodes, which determine the transaction ordering. They also manage the software and vote on decisions related to the network.