Legacy investment management firm Abrdn has joined the Hedera Governing Council as it looks to deepen its position in the blockchain and digital currency ecosystem.

According to Duncan Moir, senior investment manager at Abrdn, who spoke in an interview with Block, the firm focuses on tokenization as it wants to explore new business capabilities for its investors.

As a member of the Hedera Governing Council, Abrdn will join DBS, Google, IBM, and Standard Chartered, among others, to run nodes for the Hedera protocol and shape the future of the protocol by being part of their decision-making. process. Abrdn joined as a member of the governing council based on his strong interest and belief that blockchain is the next frontier in technology.

“We really are long-term investors,” Moir, senior investment manager at Abrdn, said in the interview. “We see this as a very long-term story for us and for the industry.”

Blockchain technology is recognized as a revolutionary tool to renew the world of investments. Moir is confident in the capabilities of the Hedera protocol company and is ready to explore its capabilities to meet his long-term goals.

“I don’t think anyone is really, shall we say, full-service. They’re very focused on specific things and have been diving in,” Moir said of the blockchain-linked solution’s capabilities. “We want to approach it a little more comprehensively.”

The choice of Hedera as the base protocol to advance its momentum depends on the sustainability of the protocol. Notably, Hashgraph of Hedera it was rated as the most sustainable protocol ahead of Algorand, Cardano, and Ethereum by researchers at University College London (UCL).

While Hedera has made a name for itself in the enterprise world, it will need a lot more integrations like the one Abrdn offers.

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