🚀 Fidelity Seeks SEC Approval for OnChain Stock Class in Digital Fund
#Fidelity #SEC #OnChain #DigitalFund #Tokenized #Ethereum #Blockchains #TreasurySecurities
According to PANews, Fidelity has filed a registration with the U.S. Securities and Exchange Commission (SEC) for an "OnChain" stock class within its tokenized dollar money market fund, Fidelity Treasury Digital Fund (FYHXX). Launched at the end of last year, this fund holds cash and U.S. Treasury securities. The filing reveals that the "OnChain" class currently utilizes the Ethereum network, with potential plans to expand to other blockchains in the future. The registration is pending regulatory approval and is expected to take effect on May 30, 2025.#Fidelity #SEC #OnChain #DigitalFund #Tokenized #Ethereum #Blockchains #TreasurySecurities
🚀 WisdomTree Digital Fund Sees Significant Growth in Recent Months
#wisdomtree #digitalfund #growth #ethereum #fintech #money Market #investment #cryptocurrency #lockedvalue
According to Foresight News, the WisdomTree Government Money Market Digital Fund (WTGXX) has experienced substantial growth over the past three months. Last week, the fund saw a single-day increase of $330 million in locked value, bringing its total to $931 million. This marks a 90% increase from the previous month and a 722% rise since May.
The fund primarily operates on the Ethereum blockchain, where it currently holds $919 million in locked value. The remaining assets are distributed across the Arbitrum and Stellar networks.#wisdomtree #digitalfund #growth #ethereum #fintech #money Market #investment #cryptocurrency #lockedvalue
🚀 WisdomTree Treasury Money Market Digital Fund Receives Exemptive Order
#WisdomTree #TreasuryMoneyMarket #DigitalFund #ExemptiveOrder #SEC #InvestmentManagement #MoneyMarketFunds #TradingFlexibility #Liquidity #Accessibility #FinancialRegulations
The Division of Investment Management has issued an exemptive order for the WisdomTree Treasury Money Market Digital Fund. The U.S. Securities and Exchange Commission (SEC) posted on X that this order allows investors to trade the fund's shares at a fixed price of $1 with a dealer throughout the trading day, irrespective of the fund's end-of-day net asset value (NAV). This decision marks a significant development in the trading of money market funds, providing more flexibility for investors. The move is expected to enhance liquidity and accessibility for those participating in the fund. The exemptive order reflects ongoing efforts to adapt financial regulations to modern trading practices.#WisdomTree #TreasuryMoneyMarket #DigitalFund #ExemptiveOrder #SEC #InvestmentManagement #MoneyMarketFunds #TradingFlexibility #Liquidity #Accessibility #FinancialRegulations