Fidelity Prepares to Tokenize Its US Treasury Fund on Ethereum

From decrypt.co

Fidelity Investments filed with the SEC to list an on-chain class of its Treasury Digital Fund, becoming the latest financial institution to wade into the growing real-world assets, or RWA, market. Submitted on Friday, Fidelity’s preliminary registration statement reveals that the on-chain fund will use the Ethereum blockchain, although it may in the future use other public layer-one networks, “subject to eligibility and other requirements that the fund may impose.” The firm’s Treasury Digital Fund trades under the FYHXX ticker on the New York Stock Exchange, with Fidelity having originally filed the fund ... (full story)