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Fidelity Files to Tokenize U.S. Dollar Money Market Fund on Ethereum

  • Fidelity Investments has filed to register a tokenized version of its US dollar money market fund on Ethereum.
  • The move aligns Fidelity with industry giants like BlackRock and Franklin Templeton, who are exploring real-world asset (RWA) tokenization.
  • The new share class named 'OnChain' is designed to track transactions of the Fidelity Treasury Digital Fund.
  • The initiative aims to provide increased transparency and verifiable tracking of transactions via blockchain.

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