Fidelity launches 'OnChain' Ethereum-tracked shares for Treasury money market fund
Article
Publish date
Mar 23, 2025 - 12:00am
Publisher
The Block
Web URL
https://www.theblock.co/post/347637/fidelity-launches-onchain-ethereum-tracked-shares-for-treasury-money-market-fund
Referenced by
Fidelity joins U.S. Treasury Tokenization Race with it’s money market fund
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According to rwa.xyz data, the overall market for tokenized U.S. Treasuries is now valued at approximately $4.77 billion, with Ethereum boasting $3.3 billion worth of tokenized Treasuries alone.
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The fund itself primarily invests in cash and U.S. Treasury securities, aligning with standard money market fund regulations, aiming for income generation consistent with capital preservation and liquidity.
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