Tokenized access to a U.S. Treasury money market fund managed by Fidelity Investments® is now live on DigiFT through 𝗥𝗥𝗗𝗬, 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗿𝘃𝗲-𝗚𝗿𝗮𝗱𝗲 𝗨.𝗦. 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗧𝗼𝗸𝗲𝗻.
Pronounced “ready,” RRDY brings institutional U.S. Treasury money market exposure on-chain. The fund’s holdings, cash and short-dated U.S. Treasuries, meet the reserve-asset criteria established for payment stablecoin issuers under the U.S. GENIUS Act.
With RRDY, DigiFT is expanding the range of institutional-grade options available to on-chain capital.
“In collaboration with DigiFT, we’re furthering how institutional and accredited investors can access, use, and integrate on-chain investment products within emerging digital financial ecosystems," said Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments.
Read the full announcement: https://lnkd.in/gJt2keT6
Available to institutional and accredited investors, subject to DigiFT’s investor eligibility requirements.
Henry Zhang Fisher Fu George King Jin Ryan Chen Amos Song Melvyn L. Eugene Li Naqib N. Evan YU Weiling Lee Scarlett Chen
- DigiFT has launched the RRDY token, offering on-chain access to a U.S. Treasury money market fund managed by Fidelity Investments.
- The RRDY token provides institutional investors with exposure to cash and short-dated U.S. Treasuries, meeting reserve-asset criteria for payment stablecoins.
- This initiative expands on-chain investment options for institutional and accredited investors, integrating digital financial ecosystems.
Topics: Asset types, Institutional adoption, Public debt, Financial instruments, Asset manager initiatives, Tokenized us treasuries
Tags: #digift #fidelityinvestments #rrdy #ustreasury #moneymarketfund #tokenizedaccess #onchain #institutionalinvestors #reservegrade #geniusact
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