Fidelity’s Ethereum Tokenized Money Market Fund Surpasses $200 Million Supply

According to a brief update, Fidelity’s tokenized money market fund on the Ethereum blockchain has exceeded $200 million in supply; the post did not include additional details such as launch timing or asset composition.

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Summary

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Terms & Concepts
  • Tokenized Money Market Fund: A traditional money market fund whose shares are issued and transferred on a blockchain as digital tokens.
  • Ethereum (ETH): A decentralized blockchain supporting smart contracts, commonly used to issue tokenized assets and decentralized applications.
  • On-chain Supply: The total number of tokens issued and outstanding on a blockchain for a given asset.