Fidelity plans to launch a tokenized treasury fund called "On Chain" on Ethereum

Odaily Planet Daily - Fidelity Investment has applied to the US securities regulator to register its Ethereum based US treasury fund "OnChain", which is planned to be launched on May 30 to track its $80 million Fidelity treasury bond Digital Fund (FYHXX) transaction. Although the records of On Chain on the blockchain are not considered as official ownership ledgers, Fidelity will verify them on a daily basis. At present, the blockchain treasury bond market has reached 4.78 billion US dollars, with BlackRock's BUIDL fund leading with 1.46 billion US dollars. Fidelity has stated that it may expand cFhain to other blockchains in the future. （Cointelegraph）