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Fidelity manages $5,8 trillion in assets and is one of largest spot Bitcoin and Ether ETF's with it's $16.5 billion FBTC and $780 million FETH funds
The Fidelity Treasury Digital Fund (FYHXX) with $80 million in assets, primarily invests in cash and U.S. Treasury securities, aiming to generate income while preserving capital and maintaining liquidity in line with money market fund regulations
Tokenized U.S. Treasury market has increased nearly 500% in 2024 reaching $4,8B USD as of May 2025
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) leads the tokenized Treasury sector as of May 2025, managing nearly $1.5 billion in assets
Fidelity Treasury Digital Fund (FYHXX) ownership will be recorded in traditional book-entry form and "OnChain" share class will provide a verifiable tracking by Fidelity’s transfer agents reconciling transactions with book entry ledger
Fidelity has filed with the SEC to launch an Ethereum based share class called "OnChain" to track its Fidelity Treasury Digital Fund (FYHXX), aiming for a May 30 2025 release

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Fidelity joins U.S. Treasury Tokenization Race with it’s money market fund

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