Fidelity launches 'OnChain' Ethereum-tracked shares for Treasury money market fund
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Fidelity launches 'OnChain' Ethereum-tracked shares for Treasury money market fund
Publish date
12:00am, Sunday, March 23, 2025
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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