Wall Street's Latest Trophy: Digital Paper for Their Big Boy Bonds
Key Points
- Fidelity launches tokenized money market funds, joining Blac...
While crypto bros were busy trading JPEG monkeys, Wall Street's finest decided to take their multi-billion dollar bonds and turn them into fancy digital tokens. Because apparently, regular old paper bonds are so 2024.
Fidelity Goes Full Tech-Bro Mode
Fidelity just couldn't resist jumping on the tokenization bandwagon with their shiny new "OnChain" money market fund. It's basically U.S. government bonds and cash, but make it blockchain. BlackRock, UBS, and Franklin Templeton are already in the cool kids' club, probably wearing matching digital asset varsity jackets.
From Minnow to Whale...
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