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[Fidelity Tokenized U.S. Dollar Fund Fyhxx Applies To Register For "Onchain" Share Class] March 23Rd, According To A Coindesk Report, A Filing Submitted To The U.S. SEC This Friday Revealed That Fidelity Has Applied To Register The "Onchain" Stock Category For Its Tokenized U.S. Dollar Money Market Fund, The Fidelity Treasury Digital Fund (Fyhxx), Aiming To Join The Tokenized Asset Competition. The Fund Was Launched At The End Of Last Year And Holds Cash And U.S. Treasury Securities.According To The Related Filings, The "Onchain" Category Of The Fyhxx Fund Currently Shows Its Use Of The Ethereum Network And May Expand To Other Blockchains In The Future. This Registration Is Subject To Regulatory Approval And Is Expected To Take Effect On May 30Th.Fidelity, With Assets Under Management Of $5.8 Trillion, Is The Latest Traditional Financial Giant Seeking To Enter The Rapidly Growing Field Of Tokenized U.S. Treasuries
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