Epistles from the Financial Frontlines:
- In a bold move that would make the Soviet apparatchiks blush, Fidelity Investments has decided to embrace the digital revolution, filing to register a blockchain-based facsimile of its U.S. dollar money market fund.
- The almighty filing reveals that this fund dances to the tune of the Ethereum network, with an eye on other blockchains for future capers, all set to materialize on May 30 if the SEC doesn’t throw a spanner in the works.
- With $5.8 trillion in its coffers, Fidelity storms into the tokenized U.S. Treasuries space, a sector blooming like a Chernobyl daisy, growing almost 500% in a year. Who needs GULAG when you have blockchain, eh?
Oh, the times are a-changin’! Fidelity, the grand poobah of U.S. asset management, has scribbled its intentions to join the digital asset circus with a tokenized version of its dollar money market fund.
In a missive to the SEC, our financial friends seek to register an “OnChain” variant of their Fidelity Treasury Digital Fund (FYHXX), using blockchains as the new Soviet milkman—efficient, if a bit cold.
This OnChain malarkey is currently Ethereum’s playground, but who knows where the wind will blow? The product awaits the regulatory thumbs-up, set to go live on May 30. Cross your fingers, comrades!
As the world’s banks and asset managers tokenize everything but the kitchen sink, Fidelity joins the fray, hoping for operational gains and settlements faster than a Soviet-era bread line.
Not to be outdone, Blackrock’s BUIDL and Franklin Templeton’s on-chain product are already leading the charge, with assets gathering like storm clouds over the Motherland.
The tokenized U.S. Treasury market now stands at a hearty $4.77 billion, a growth spurt that would make even the most diligent Soviet planner proud.
And let’s not forget, Fidelity is also a bigwig in the bitcoin and ether ETF game, with its FBTC and FETH funds making waves. Tokens, tokens everywhere, but not a drop to drink!
Read More
- 50 Ankle Break & Score Sound ID Codes for Basketball Zero
- Who Is Harley Wallace? The Heartbreaking Truth Behind Bring Her Back’s Dedication
- 50 Goal Sound ID Codes for Blue Lock Rivals
- Mirren Star Legends Tier List [Global Release] (May 2025)
- League of Legends MSI 2025: Full schedule, qualified teams & more
- 100 Most-Watched TV Series of 2024-25 Across Streaming, Broadcast and Cable: ‘Squid Game’ Leads This Season’s Rankers
- 28 Years Later Fans Go Wild Over Giant Zombie Dongs But The Director’s Comments Will Shock Them
- Pacers vs. Thunder Game 7 Results According to NBA 2K25
- Pacers vs. Thunder Game 1 Results According to NBA 2K25
- Basketball Zero Boombox & Music ID Codes – Roblox
2025-03-23 11:10