Fidelity Investments has deployed its monetary market fund in Tokenized on Ethereum Blockchain, marking the entry of the Boston -based investment management giant in the field of rapidly growing tokenized assets.
Some $ 202 million in tokens of digital interest Fidelity (Fdit) Blockchain were struck in early September, the blockchain data on etherscan shows. The Fbit is the representation of the Fidelity Treasury Digital Fund (FYOXX) Fidelity tokens, the Fidelity Treasury Digital Fund (FYHXX) chain action class, which seeks to provide investors by holding American cash bills. The asset manager first unveiled the installation in March in a regulatory file with the Securities and Exchange American Commission (SECOND).
The key investor in the offer is the Ondo Finance tokenization platform, holding $ 202 million in FBIT as a reserve ratio for its Ousg yield generator token, according to the Ondo daily report. Ousg uses a range of token monetary market funds, including Buidl by Blackrock and Securitize, Benji de Franklin Templeton and WTGXX from Wisdomtree to support the value of the token.
Tokenized treasure boom
The tokenization of public debt, a crucial collateral active in the world markets, is part of a wider thrust to provide financial instruments or real assets (Rwa)On blockchain rails. World banks and asset managers such as Fidelity Investments explore tokenization to reduce settlement times, increase transparency and keep the markets open 24 hours a day.
The US Treasury Treasury Market tokenized rapidly, more than the triple in the past year at $ 7.5 billion, according to Rwa.xyz data. The BlackRock and Tokenization Specialist secure dominates the market with the $ 2.4 billion Buidl token, followed by Franklin Templeton and Wisdomtree’s offers.
These tokens are increasingly used as a key infrastructure element for performance strategies and guarantees in the cryptographic economy.
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