Fidelity Launches Ethereum-Based US Treasury Fund 'Onchain': A New Investment Opportunity

(MENAFN- Crypto Breaking) Fidelity Investments has officially filed for a new Ethereum -based fund with the US Securities and Exchange Commission (SEC). The fund, called OnChain, aims to provide investors with exposure to the US Treasury market through blockchain technology.

This move by Fidelity showcases the increasing interest and adoption of cryptocurrencies and blockchain technology by traditional financial institutions. By utilizing the Ethereum blockchain, Fidelity seeks to offer a transparent and efficient way for investors to access the US Treasury market.

The OnChain fund is part of Fidelity's ongoing efforts to explore the potential of blockchain technology in traditional finance. By incorporating Ethereum 's smart contract capabilities, Fidelity is able to provide investors with a unique and innovative way to invest in US Treasury securities.

As the cryptocurrency market continues to evolve, more institutional players like Fidelity are looking to leverage blockchain technology to create new investment opportunities. The approval of the OnChain fund by the SEC would further legitimize the use of blockchain technology in the financial industry.

Overall, Fidelity's filing for the Ethereum -based OnChain fund signals a significant step towards bridging the gap between traditional finance and the world of cryptocurrencies. This move highlights the growing importance of blockchain technology in reshaping the future of finance and investment.

Crypto Investing Risk Warning

Crypto assets are highly volatile. Your capital is at risk.
Don't invest unless you're prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.

MENAFN23032025008006017065ID1109347461