Ethereum Revolution: Fidelity Tokenizes Treasury Fund

Fidelity Ventures into On-Chain Treasury Fund on Ethereum

• Fidelity Investments filed with the SEC to list an on-chain class of its Treasury Digital Fund.
• The fund will initially use the Ethereum blockchain, with potential for other networks in the future.
• Trades under FYHXX ticker on NYSE, focusing on short-term U.S. Treasuries and cash.
• No current agreement exists for secondary market trading of the fund’s on-chain shares.
• Tokenization aims to improve customer experiences and enhance capital efficiency.

Fidelity Investments is advancing its Treasury Digital Fund by filing with the SEC to introduce an on-chain class using Ethereum. The fund, trading as FYHXX, focuses primarily on U.S. Treasuries and cash while exploring tokenization for improved transactional efficiencies.