Fidelity Investments: Fidelity Unveils Blockchain-based Treasury Fund to Enter the $4.77B Sector

Fidelity Investments has registered its blockchain-based version of the U.S. dollar money market fund as it enters the rapidly growing tokenized assets market. The OnChain share class of the Fidelity Treasury Digital Fund (FYHXX) will use blockchain technology to enhance transfers and settlements. The fund will operate on the Ethereum network although more blockchains could [...]