{"id":22324,"date":"2025-03-23T13:59:00","date_gmt":"2025-03-23T11:59:00","guid":{"rendered":"https:\/\/forklog.com\/en\/fidelity-files-for-tokenized-fund-launch\/"},"modified":"2025-03-23T13:59:00","modified_gmt":"2025-03-23T11:59:00","slug":"fidelity-files-for-tokenized-fund-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fidelity-files-for-tokenized-fund-launch\/","title":{"rendered":"Fidelity Files for Tokenized Fund Launch"},"content":{"rendered":"<p>Fidelity, one of the largest issuers of crypto ETFs, has <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/917286\/000113322825002995\/ftdf-efp15119_485apos.htm#useof\">submitted<\/a> documents to the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> for the registration of a tokenized version of its U.S. money market fund, the Fidelity Treasury Digital Fund (FYHXX).<\/p>\n<p>Launched last year, the fund holds dollars and U.S. Treasury securities. The on-chain version uses the Ethereum blockchain to store information about share ownership, though it may incorporate other public networks in the future. Fidelity also employs a traditional transfer agent to maintain official records.<\/p>\n<p>The authors propose that the product be deemed effective from May 30, but the regulator has yet to approve the application.<\/p>\n<p>According to CoinGecko, the <a href=\"http:\/\/forklog.com\/cryptorium\/chto-takoe-rwa-real-world-assets\" title=\"\">RWA<\/a> sector emerged as one of the <a href=\"https:\/\/forklog.com\/en\/news\/ai-leads-crypto-market-gains-in-2024-reports-coingecko\">most successful narratives<\/a> in the crypto industry in 2024, with an average profitability of 820%\u2014ranking third after AI (2940%) and meme coins (2185%).<\/p>\n<p>Back in March, the RWA restaking protocol Zoth was hacked for $8.4 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fidelity, one of the largest issuers of crypto ETFs, has submitted documents to the SEC for the registration of a tokenized version of its U.S. money market fund, the Fidelity Treasury Digital Fund (FYHXX). Launched last year, the fund holds dollars and U.S. Treasury securities. The on-chain version uses the Ethereum blockchain to store information [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1248,1308,128],"class_list":["post-22324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fidelity-investments","tag-rwa","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"59","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22324"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22323"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}