Fidelity Brings US Treasury Fund On-Chain via Ethereum

Fidelity has filed with the SEC to launch a US Treasury Fund on Ethereum, marking a major step in bringing traditional finance on-chain. The fund, expected to go live on May 30, will tokenize treasury assets, making them more accessible and efficient. This move highlights the growing institutional adoption of blockchain technology and signals increasing integration between crypto and traditional markets. If approved, it could pave the way for more tokenized financial products in the future.