Fidelity applies for the registration of "OnChain" stock category for its tokenized dollar money market fund FYHXX
According to a document submitted to the U.S. Securities and Exchange Commission (SEC) this Friday, Fidelity has applied for the registration of an "OnChain" stock category for its tokenized dollar money market fund, Fidelity Treasury Digital Fund (FYHXX), which was launched at the end of last year and holds cash and U.S. treasury securities. According to related documents, FYHXX's "OnChain" category currently uses 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.
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