Fidelity Files to Tokenize $80M Treasury Fund on Ethereum Blockchain
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Fidelity Investments is tokenizing an $80 million Treasury fund on the Ethereum blockchain, creating an innovative 'OnChain' share class that maintains traditional asset custody while logging investor records digitally. This strategic move represents a cautious yet forward-thinking approach to integrating blockchain technology into traditional finance.
March 24, 2025 | 1:15 pm
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Fidelity's selection of Ethereum for its Treasury fund tokenization reinforces the blockchain's institutional viability and potential for financial innovation.
Fidelity's high-profile tokenization on Ethereum demonstrates the platform's reliability, potentially attracting more institutional interest and investment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80