Fidelity Joins the Tokenized US Treasury Bills Race, Taking on BlackRock’s BUIDL Fund
- Fidelity launches tokenized fund: New fund will invest in U.S. Treasury bills using blockchain
- Direct competition with BlackRock: Fidelity aims to rival BlackRock’s established BUIDL fund
- Trend of asset tokenization: Move aligns with growing adoption of blockchain in traditional finance.
Fidelity is launching a new tokenized fund focused on U.S. Treasury bills, setting itself up as a direct competitor to BlackRock’s BUIDL fund.
In simpler terms, Fidelity’s new offering lets investors put their money into the US Treasury bills through their blockchain-based system. By tokenizing the U.S. Treasury bills, Fidelity’s plan is to give investors greater flexibility, transparency, and liquidity, on-chain.
Fidelity’s latest offering is in line with the broader trend of bringing traditional assets onto blockchain platforms.
How Does Fidelity Stack Up Against BlackRock’s BUIDL?
Fidelity’s direct competition with BlackRock’s BUIDL fund is the main headline. BlackRock’s B…
The post Fidelity Joins the Tokenized US Treasury Bills Race, Taking on BlackRock’s BUIDL Fund appeared first on Coin Edition.
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Fidelity Joins the Tokenized US Treasury Bills Race, Taking on BlackRock’s BUIDL Fund
- Fidelity launches tokenized fund: New fund will invest in U.S. Treasury bills using blockchain
- Direct competition with BlackRock: Fidelity aims to rival BlackRock’s established BUIDL fund
- Trend of asset tokenization: Move aligns with growing adoption of blockchain in traditional finance.
Fidelity is launching a new tokenized fund focused on U.S. Treasury bills, setting itself up as a direct competitor to BlackRock’s BUIDL fund.
In simpler terms, Fidelity’s new offering lets investors put their money into the US Treasury bills through their blockchain-based system. By tokenizing the U.S. Treasury bills, Fidelity’s plan is to give investors greater flexibility, transparency, and liquidity, on-chain.
Fidelity’s latest offering is in line with the broader trend of bringing traditional assets onto blockchain platforms.
How Does Fidelity Stack Up Against BlackRock’s BUIDL?
Fidelity’s direct competition with BlackRock’s BUIDL fund is the main headline. BlackRock’s B…
The post Fidelity Joins the Tokenized US Treasury Bills Race, Taking on BlackRock’s BUIDL Fund appeared first on Coin Edition.
Read More
MANTRA’s $OM Token Plunges 90% Amid Market Turmoil