Fidelity Files for OnChain U.S. Treasury Fund, Joining the Asset Tokenization Race
Tokenized money market funds has grown sixfold in a year to 4.8 billion, currently led by BlackRock's product.
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Fidelity will launch a tokenized dollar fund on Ethereum come May 30th
The firm is registering a new OnChain share class for its Fidelity Treasury Digital Fund (FYHXX). It holds cash and U.S. Treasury securities, and it went live late last year.
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Fidelity files for Ethereum-based US Treasury fund ‘OnChain’
Fidelity has filed to launch a tokenized version of its $80 million Fidelity Treasury Digital Fund on the Ethereum network.