Fidelity files for Ethereum-based US Treasury fund ‘OnChain’
Article
Publish date
Mar 24, 2025 - 12:00am
Publisher
Cointelegraph
Web URL
https://cointelegraph.com/news/fidelity-files-ethereum-based-us-treasury-fund-called-onchain
Referenced by
Fidelity joins U.S. Treasury Tokenization Race with it’s money market fund
Crypto news
News story
The OnChain share class aims to provide investors transparency and verifiable tracking of share transactions of FYHXX, although Fidelity will maintain traditional book-entry records as the official ownership ledger.
Crypto news
Quote
The RWA tokenization market for Treasury products is currently valued at $4.78 billion, led by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) at $1.46 billion, according to rwa.xyz.
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