RWA News: Fidelity Files for OnChain U.S. Treasury Fund, Joining the Asset Tokenization Race

RWA News: Fidelity Files for OnChain U.S. Treasury Fund, Joining the Asset Tokenization Race

U.S.-based asset manager Fidelity Investments has filed paperwork to register a blockchain-based, tokenized version of its U.S. dollar money market fund, aiming to join the tokenized asset race.According to a Friday filing to the U.S. Securities and Exchange Commission (SEC), the company seeks to register an "OnChain" share class of its Fidelity Treasury Digital Fund (FYHXX) and use blockchains as transfer agent. FYHXX holds cash and U.S. Treasu…

The Blockchain Bulletin March 25: Fidelity Joins Blockchain with Digital Fund

Hey folks! Welcome to our latest edition of Blockchain Bulletin, which covers insights that hit the headlines in the past 24 hours. In a week marked by the fusion of traditional finance with blockchain, Fidelity Investments has filed with the U.S. Securities and Exchange Commission (SEC) to introduce a new “OnChain” share class for its Fidelity Treasury Digital Fund (FYHXX). This innovative move will allow the Ethereum blockchain to record share…

Fidelity Wants to Tokenize its Treasury Fund

Fidelity, the third largest asset management firm in the world with nearly $5 trillion in assets under management (AUM), has filed to register an onchain offering of its Treasury Digital Fund (FYHXX) with the Securities and Exchange Commission (SEC).The application looks to establish a tokenized representation of its FYHXX fund on the Ethereum blockchain and, in the future, “may use other public blockchain networks” subject to internal criteria.…

China’s CPIC Launches $100M Tokenized USD Money Market Fund on HashKey Chain

China Pacific Insurance (CPIC) Investment Management, a Hong Kong-based arm of one of Chinas largest insurers, has launched a $100 million tokenized U.S. dollar money market fund, signaling growing momentum for asset tokenization in Asia. The eStable Money Market Fund debuted on HashKey Chain, a permissioned blockchain developed by HashKey Group for institutional users. The fund, which is accessible exclusively to professional and institutional …

Fidelity To Convert Digital Treasury Fund into Blockchain-Based Tokens

A major financial firm, Fidelity Investments with $5.8 trillion, is stepping into the world of Blockchain and digital assets. The company has submitted its plans to the U.S. Securities and Exchange Commission (SEC) for creating a tokenized version of its U.S. Treasury Digital Fund (FYHXX) with the help of the popular Blockchain, Ethereum. The fund, which holds around $80 million in U.S. Treasury bills, will make use of Blockchain technology to m…

Key Points of the News Fidelity's First Great Tokenization: Fidelity calls for the tokenization of its $80 million Treasury fund in Ethereum's blockchain, marking its bold incursion into blockchain-based asset management. Double registration for clarity: The plan introduces a class of "OnChain" shares, which maintains traditional custody of Treasury assets and registers investors in Ethereum to boost transparency and regulatory compliance. Ether…