Fidelity Prepares to Tokenize Its US Treasury Fund on Ethereum
Portfolio Pulse from
Fidelity Investments has filed with the SEC to list an on-chain class of its Treasury Digital Fund (FYHXX) on the Ethereum blockchain, signaling a significant move into tokenized real-world assets (RWAs). The fund will invest primarily in short-term U.S. Treasuries and potentially enable peer-to-peer trading in the future, with the goal of improving transactional efficiencies and capital allocation.
March 24, 2025 | 7:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Fidelity's decision to use Ethereum for its Treasury Digital Fund could boost investor confidence in the blockchain platform and potentially drive increased institutional interest.
Fidelity's high-profile tokenization on Ethereum demonstrates institutional validation, which could attract more investors and potentially increase ETH's value and market perception.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75