Fidelity Investments has registered a symbolic version of the US dollar money market fund on ETHEREM – join the likes of Blackrock and Franklin Templeton in the Blockchain distinctive code space.
Fidelity March 21 He said “Onchain” would help trace the Fedelity Treasury Digital Fund (FYHXX) – $ 80 million fund Consisting Almost completely from US Treasury invoices.
While Unshine is awaiting organizational approval, it is expected that it will be valid on May 30, Videliti said.
Fidelity file to record a symbolic version of the Fidelity Treasury Digital box. source: Securities and Stock Exchange Committee
ONSAIN Share category aims to provide investor transparency and tracking the verified transactions in FyHXX, although Fidelity will maintain the login records as the official professor of ownership professor.
“Although the secondary registration for the Onchain category on Blockchain will not represent the official record of ownership, the transfer agent will reconcile Blockchain high school transactions with the official records of the Onchain category on a daily basis.”
Videliti said that the US Treasury bills will not be directly symbolic.
The asset manager of $ 5.8 trillion said that he may also expand to Blockchains in the future.
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Asset managers are increasingly turning into Blockchain into the distinctive symbol Treasury bills, bonds and private credit During the past few years.
the Distinguished code market RWA The treasury products are currently $ 4.78 billion, led Blackrock USD Institutional Liquidity Fund (Buidl) at $ 1.46 billion, According to To rwa.xyz.
Market caps of Blockchain Treasury products. source: rwa.xyz
More than $ 3.3 billion from RWAS Icon on Ethereum, Follow Star at 465.6 million dollars.
Blackrock Cherator, Ruby Michnik, recently He said ETHEREUM is still the “natural virtual answer” for Trafi companies that look forward to the Rwas Onchain icon.
“There was no doubt that Blockchain will start our distinctive symbol will be ethereum, and this is not just something Blackrock, this is the natural default answer.”
“It is clear that customers make options to make a decentralized value, appreciate credibility and security, and this is a great advantage that ethereum continues.” The summit of digital assets In New York on March 20.
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