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All You Need to Know About Fidelity’s New ‘OnChain’ Share Class

  • Fidelity plans to launch its “OnChain” share class on Ethereum by May 30, tokenizing its $80 million Treasury Digital Fund for better tracking.
  • The “OnChain” class tracks transactions on the blockchain, offering investors clarity. Traditional records remain official and reconciled daily.
  • With a $4.78 billion RWA market, Fidelity joins BlackRock and others, potentially intensifying competition in tokenized Treasury products.
  • Fidelity’s $5.8 trillion empire hints at expanding “OnChain” to other blockchains, building on its $17 billion crypto funds.

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