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CoinGape

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Business & Economics

Fidelity files for a tokenized version of its money market fund

CoinGape
Summary
Nutrition label

61% Informative

Fidelity Investments has filed paperwork for a tokenized US dollar money market fund.

The fund will lean on the Ethereum blockchain with plans for further expansion.

The firm is seeking the registration of an Onchain share class for the fund.

99.5% of the fund’s assets will go to US Treasury securities and cash.

VR Score

43

Informative language

36

Neutral language

51

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links

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