🚀 Fidelity Seeks SEC Approval for OnChain Stock Class in Digital Fund
#Fidelity #SEC #OnChain #DigitalFund #Tokenized #Ethereum #Blockchains #TreasurySecurities
According to PANews, Fidelity has filed a registration with the U.S. Securities and Exchange Commission (SEC) for an "OnChain" stock class within its tokenized dollar money market fund, Fidelity Treasury Digital Fund (FYHXX). Launched at the end of last year, this fund holds cash and U.S. Treasury securities. The filing reveals that the "OnChain" class currently utilizes the Ethereum network, with potential plans to expand to other blockchains in the future. The registration is pending regulatory approval and is expected to take effect on May 30, 2025.#Fidelity #SEC #OnChain #DigitalFund #Tokenized #Ethereum #Blockchains #TreasurySecurities
🚀 Stable and Theo Invest Over $100 Million in Tokenized U.S. Treasury Fund
#Stable #Theo #Investment #Tokenized #USTreasury #DeltaWellington #UltraShortTerm #FundBridgeCapital #WellingtonManagement #Libeara #ParticulaAAA #OnChainFund
According to Odaily, Stable and Theo have jointly invested more than $100 million into the Delta Wellington Ultra-Short-Term U.S. Treasury On-Chain Fund (ULTRA). Managed by FundBridge Capital and Wellington Management Company, the fund is supported by the tokenization platform Libeara. ULTRA is among the first institutional-grade U.S. Treasury strategy products to be launched in tokenized form and has received a Particula AAA rating.#Stable #Theo #Investment #Tokenized #USTreasury #DeltaWellington #UltraShortTerm #FundBridgeCapital #WellingtonManagement #Libeara #ParticulaAAA #OnChainFund