
Fidelity, the U.S. investing giant, has filed for its first money market fund that may use blockchain technology in the future. This move is part of a broader trend among asset managers to explore tokenization, following similar efforts by BlackRock, Franklin Templeton, and WisdomTree. WisdomTree has also announced that its digital money market fund can now be used as a funding source for Visa debit cards, enabling yield-bearing on-chain investments to fund daily spending. These developments signify a significant step towards a fully tokenized financial future and help Fidelity catch up with BlackRock.
Fidelity is preparing to launch a money market fund that may trade on the blockchain, helping the investing giant catch up with BlackRock. https://t.co/zDtgnhQ3VK From @Yueqi_Yang
Blockchain-traded funds are becoming a thing https://t.co/lGOM8RZ0nW @Yueqi_Yang https://t.co/Yt9wsn4Jc0
SCOOP: Fidelity, the U.S. investing giant, has filed for a money market fund that may use blockchain in the future. It’s the latest effort by asset managers to explore tokenization after BlackRock, Franklin Templeton, WisdomTree https://t.co/6jnVGEMcZH
