Fidelity files with Second Start Fund for the US Dollar for Training

Investments in the management of investment assets submitted American securities and exchanging the Control Commission to launch a block-based, tokenized partial US dollar fund class on the US dollar market.

Investments in crowns have submitted a proposal To create a blockcain based version of your US dollar fund fund. The proposal, submitted with Sec, aims to register the “Onchain” class of its fidelite digital treasury fund (FIHKK), which has enterprises and American securities.

This fund is currently using Etherum (El) Network, with plans to potentially turn on other blocks in the future. If approved, this fund will become active 30. May.

Appearance in faithfulness is part of the trend among financial institutions to move traditional financial products like government bonds on Blockschain platforms for better efficiency and faster transactions. Franklin Templeton was a pioneer in this trend, launch it’s Money market fund on chain FOBXX in 2021. Years.

After the pioneering effort of Franklin Templeton, other financial giants, including financial heavyweights such as JPMorgan and Blackrock, entered the space.

2023. year JPMORGAN has launched a Tokenized bond fund in the Ministry of FinanceWhich invests in longtime securities from American state records, bonds and notes.

In March 2024. year, Blackrock, partnership with the company of digital property securitize, launched Tokenized American BUIDL cashier fund, which is recently exceeded $ 1 billion in property under management.

Toward rva.kizThe tokenized debt in the United States is now the second largest contribution to the total value of tokenized real property, with a market capitalization of $ 4.80 billion, only private credit funds that have $ 12.20 billion.