Fidelity’s Ethereum-Based Tokenized Fund Exceeds $250 Million in Assets

Fidelity’s $6.4 trillion asset manager sees its tokenized money market fund on Ethereum reach over $250 million in assets under management.

ETH

Summary

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Terms & Concepts
  • Tokenized money market fund: A traditional money market fund represented as digital tokens on a blockchain, allowing on-chain trading and settlement.
  • Ethereum: A blockchain network known for enabling smart contracts (self-executing blockchain code) and decentralized applications.
  • Assets under management (AUM): The total market value of assets that an investment firm manages on behalf of clients.