By Nermeen Nabil Khear 
Tokenizing assets is becoming big business. For example, BlackRock and Frank Templeton are already active on-chain. Now Fidelity Investments is also joining this race. These investment companies mostly bring their US Treasury Fund online. Among others, this improves transparency.
So, let’s see what Fidelity Investments is up to.
Fidelity Files for Ethereum-Based Treasury Fund
Fidelity Investments is a big player among investment firms. It manages funds in the order of $5.9 trillion. That’s a nice chunk of change they bring to the table. Now, on 21st March, Fidelity filed paperwork with the SEC.
This should bring their $80m Fidelity Treasury Digital Fund (FYHXX) online and on-chain. It calls this fund ‘OnChain’. This fund is almost exclusively made up of US Treasury bills. See the official filing paperwork with the SEC in the picture below.
Source: SEC
Although the OnChain Fund is currently waiting for approval, it’s expected to go live as early as 30th May. Its initial launch will be on Ethereum. However, Fidelity plans to expand to other chains in the future. Currently, Ethereum still has the first mover advantage and offers great security. It also offers credibility and decentralization. These are all trends that Fidelity’s clients value.
Investors will have greater transparency. Being on-chain also offers verifiable tracking. These are samples of blockchain technology advantages. Asset managers like Fidelity, but also global banks, start to explore blockchain technology. It offers them operational and efficiency gains. It’s also available 24/7, in contrast to stander 9-5 banking office hours. Not to mention that settlements are faster on-chain.
JUST IN: Fidelity Files for $5.8T Treasury Digital Fund on Ethereum, Set for May 30 Launch
Fidelity’s blockchain-based tokenized U.S. dollar money market fund will track ownership on Ethereum but will not provide direct exposure to crypto. $1M minimum investment required. pic.twitter.com/JcAsINKdBv
— CryptosRus (@CryptosR_Us) March 23, 2025
Still, the official ownership ledger will continue to be with traditional book-entry records. Nonetheless, these big investment firms are bringing more of their affairs on-chain. Think of government bonds, private credit, and Treasury bills.
The Value of Current On-Chain RWA Fund
For example, last year, BlackRock launched their BUIDL fund. That’s their Institutional Digital Liquidity Fund. Currently, it’s the market leader and holds almost $1.5 trillion. Franklin Templeton’s fund has already been around since 2021. This fund holds $689 million in assets. RWA.xyz has data on these holdings.
The tokenized U.S. Treasury market saw a 500% increase over one year. According to rwa.xyz, it’s now worth $4.77 billion. The RWA market could be worth as much as $30 trillion by 2030. So, no wonder that these big investment firms all want in and go on-chain.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
Copyright Altcoin Buzz Pte Ltd.
The post Fidelity Files for Ethereum-Based Treasury Fund appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.