Fidelity Proposes Blockchain-Tracked Share Class for Treasury Fund
- Fidelity plans to introduce an “OnChain” share class for its Treasury Digital Fund.
- The fund is almost entirely invested in U.S. Treasury bills (99.99%).
- A filing with the SEC suggests a launch in May.
- The OnChain class will use the Ethereum network for public blockchain records.
- Official ownership records will be maintained by the fund’s transfer agent.
Fidelity aims to enhance transparency by using blockchain technology for recording transactions of its Treasury Digital Fund, primarily invested in U.S. Treasury bills, with plans to utilize the Ethereum network.
Source (2.6)https://dailyhodl.com/2025/03/25/fidelity-files-for-onchain-treasury-market-fund-that-stores-transaction-records-on-ethereum/?rand=59076
