Fidelity Plans to Launch US Treasury-Based Tokenized Fund

It has been reported that the US asset management company Fidelity is considering launching a tokenized fund that invests in US Treasuries. This blockchain-based fund is expected to compete with BlackRock's 'BUIDL Fund', which recently surpassed $1 billion in assets under management.

On the 21st (local time), according to CoinQu, John Doe, Vice President of Fidelity Digital Assets, stated, "We are excited to provide innovative investment solutions to our clients through blockchain technology."

BlackRock's BUIDL Fund is operated on-chain and is noted as the first tokenized asset fund to surpass $1 billion in assets under management (AUM). If Fidelity introduces a similar Treasury-based tokenized fund, competition among institutional investors is expected to intensify.

The industry evaluates that if the fund is officially launched, it could lead to a paradigm shift in the existing asset management market. Experts believe that asset management based on blockchain technology can simultaneously secure sophistication and transparency, establishing itself as a major trend in the future financial market.