An important financial company, Fidelity Investments with $ 5.8 billion, is entering the world of blockchain and digital assets. The company has sent His plans for the United States Stock Exchange and Securities Commission (SEC) to create a tokenized version of its US Treasury Digital Fund. (FYHXX) with the help of the popular blockchain, Ethereum. The fund, which has about $ 80 million in Treasury invoices of the United States, will use blockchain technology to make transactions more transparent and efficient.
The token of traditional financial assets, such as the United States Treasury invoices, is becoming more popular among large financial companies. Companies such as Blackrock and Franklin Templeton have already begun to take measures in the treasure bond market. This indicates that the financial industry depends more and more on blockchain technology to make transactions fast, efficient and cheaper.
Presentation of fidelity with sec
As of March 21, 2025, Fidelity officially presented a proposal to the United States Stock Exchange and Securities Commission. This proposal aimed to launch a “Ochain” class for its Fidelity Digital Treasury Fund (FYHXX). In doing so, Fidelity will now help register the property part in the Ethereum block chain to address transparency and safety through the network.
However, together with the integration of Blockchain, the traditional method used to register property through book entry records will continue to be the official system. The proposal highlights that Blockchain records will only be used as an additional layer of data that Fidelity transfer agents will update and reconcile daily.
The FYHXX background invests mainly in Treasury invoices of the United States and effective. With almost 99.5% of the funds that contribute to these assets. The proposal also establishes that Fidelity is not turning these assets into digital tokens, but will record the property of the Fund on the Blockchain network. This means that the fund itself will work in the same way as before. The difference is that Blockchain will only be used to track the property more safely and efficiently.
The US Treasury Market. Tokenized: an increasing trend
The decision of loyalty to move on to tokenization occurred after the real world asset market (RWAS) tokenized (RWAS) was growing rapidly. The net assets of the US Treasury Market. UU. Tokenized is around $ 4.77 billion, which is 500% more than last year. Take the example of the Blackrock Buidl Treasury Treasury Fund, which was launched in March 2024 and has already reached $ 1.5 billion. Similarly, the Money Blockchain Money Fund in Franklin Templeton, which began in 2021, has already grown at $ 689 million.
In tokenization, traditional financial assets, such as government bonds or investment funds, are transformed into digital tokens into a block chain. With the help of this, transactions are made faster, more cheaper and more efficiently; It also allows you to make payments at any time, even if the bank hours have finished.
Many traditional financial companies prefer Ethereum to tokenize real world assets (RWAS); It has more than $ 3.3 billion in RWAS that are already tokenized on the network. Ethereum has been demonstrated and is popular for its reliability, transparency and security qualities, which are important for financial institutions.
Fidelity Ochain Class
Fidelity has presented the SEC to introduce a “Ochain” sharing class with Ethereum headquarters for its Fidelity Treasury Digital Fund (FYHXX) although the main tenure of the Fund, the projects of the United States Treasury, could not be directly touched, the class of the chain participation will be carried out in the block chain, which would provide an improvement of transparent transparency and the monitoring of transparent transparency shares transactions. The expected lunch for the Ochain class is May 30, 2025.
Conclusion
Fidelity is taking important steps towards the future of finance. When its digital treasure fund, the company is accepting blockchain technology and is making way to more efficient, transparent and safe transactions.
Frequent questions
- When did Fidelity present the proposal?
On March 21, 2025, he presented the proposal
- Who did the proposal present the fidelity?
He presented his proposal to the United States Stock Exchange and Securities Commission (SEC).
- What is the total value of a tokenized fund?
The total value of a tokenized fund is $ 80 million.
- What blockchain will use faithfulness?
It will use the Ethereum block chain.
- Who else has played treasure funds?
Blackrock and Franklin Templeton have carried out similar projects.
Glossary
- Tokenization: conversion of asset property in digital tokens in an Ethereum.
- Ethereum: A popular blockchain
- Ochain sharing class: a new class of Fidelity sharing recorded in a block chain.
