Blockchain for recording:
Fidelity’s Proposed Fund Uses Ethereum Blockchain for Secondary Share Recording
he fund, detailed in a March 21, 2025, preliminary prospectus, seeks to provide high current income while preserving capital and liquidity. It will invest at least 99.5% of its assets in cash and U.S. Treasury securities, with 80% directly in Treasuries, aligning with standard money market fund regulations under the Investment Company Act of 1940. Unlike crypto-focused products, the fund explicitly states it will not invest in digital assets.