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Fidelity applies to tokenize USD-denominated MMF "FYHXX" on Ethereum

2025/03/24 13:09 (Updated 2025/03/27 04:01)
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Written by A.Yamada
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Fidelity applies to tokenize USD-denominated MMF "FYHXX" on Ethereum
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Table of Contents

  1. Applying for on-chain implementation of "FYHXX"

Applying for on-chain implementation of "FYHXX"

Fidelity, a major US asset management company, has submitted a registration application to the US Securities and Exchange Commission (SEC) for an on-chain version of the Fidelity Treasury Digital Fund (FYHXX), a US dollar-denominated money market fund (MMF). If approved by the SEC, it is expected to go into effect on May 30th.

The US Treasury fund will be tokenized using the blockchain of the cryptocurrency Ethereum (ETH). It is possible that it will be expanded to other chains in the future.

A money market fund (MMF) is a type of US investment trust that allows investors to hold small amounts of money...

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