Fidelity Investments has implemented its tokenized monetary market fund in Ethereum Blockchain, which marks the Boston -based investment management giant in the rapidly growing tokenized asset field.
About $ 202 million in Fidelity digital interest tokens (FDIT) They were coined in Blockchain in early September, according to Blockchain data about Eserscan. FBIT is the representation of the Token of the Fidelity Treasury Digital Fund (Fyoxx), the kind of chain actions of the Fidelity Treasury Digital Fund (FYHXX), which seeks to provide performance to investors by having invoices of the United States Treasury. The asset manager first presented the installation in March in a regulatory presentation before the United States Stock Exchange and Securities Commission (SECOND).
The key investor in the offer is the Ondo Finance tokenization platform, which has $ 202 million in FBIT as a reserve asset for your OUSG performance generator, according to the daily report of the Ondo. OUSG uses a range of tokenized money funds, including Buidl from Blackrock and Securitize, Benji by Franklin Templeton and Wtgxx of Wisdomtree to support the value of the Token.
Tokenized Treasure Boom
The token of government debt, a crucial collateral asset in global markets, is part of a broader impulse to bring financial or active instruments of the real world (RWA)In blockchain rails. Global banks and asset administrators, such as Fidelity Investments, explore tokenization to reduce liquidation times, increase transparency and maintain open markets throughout the day.
The US Treasury Market. Tokenized is growing rapidly, rather than tripling in the last year to $ 7.5 billion, according to data rwa.xyz. The Blackrock specialist and the tokenization dominates the market with the Token Buidl of $ 2.4 billion, followed by Franklin Templeton and Wisdomtree’s offers.
These tokens are increasingly used as a key infrastructure piece for strategies and guarantees of performance profits in the cryptographic economy.
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