Fidelity Investments is gearing up to launch the Fidelity Treasury Digital Fund (FYHXX) on May 30, pending regulatory approval, marking a significant entry into the rapidly expanding tokenized asset market. With the fund leveraging the Ethereum blockchain, it aims to enhance transaction speeds while managing a robust $5.8 trillion in assets focused on U.S. Treasury securities. This strategic move places Fidelity alongside industry powerhouses like BlackRock and Franklin Templeton, as they embrace digital currencies and revolutionize the financial landscape. Join us to explore how this innovative approach could reshape the future of investing!
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