Fidelity Dives Into Blockchain Treasures!

Fidelity Investments, the massive $5.8 trillion asset manager, has ventured into the blockchain terrain by filing for a tokenized version of its US Treasury fund, “OnChain.” They're using Ethereum, the popular blockchain network. This is about integrating traditional finance with blockchain for transparency in tracking transactions. While not directly tokenizing US Treasury bills, Fidelity aims for a modern ledger of financial activity. It's all pending regulatory approval, set to take effect on May 30. Curious times in the evolving finance world as companies march into the blockchain realm!