Fidelity tokenizes MMF shares using JPMorgan's platform
CryptoNewsTerminal Staff10 Jun, 2024
Fidelity tokenizes MMF shares using JPMorgan's platform
Fidelity International has tokenized shares of money market funds (MMF) via JPMorgan's blockchain arm, Onyx's platform. The size of the tokenization is not known. Tokenizing traditional financial assets allows for greater liquidity and efficiency in trading. This move by Fidelity is a sign that the firm is embracing the potential of blockchain technology to improve its services.