BlackRock plans to bring its top-performing ETFs on-chain. | Credit: Getty Images. Key Takeaways BlackRock seeks to tokenize its leading ETFs with exposure to real-world assets like equities and bonds. The move could open 24/7 trading, global accessibility, and new use cases in DeFi. BlackRock already operates the world’s largest tokenized money market fund, BUIDL. BlackRock, the world’s largest asset manager, is preparing to take one of its boldest steps yet: tokenizing some of its most successf ...

Fidelity has launched the Fidelity Digital Interest Token (FDIT), an on-chain money market fund backed by mostly U.S. Treasuries, mainly from Ondo Finance's Short-Term U.S. Treasuries Fund (OUSG) as the only anchor and largest investor. According to Ondo, OUSG makes up more than 99% of FDIT assets at this time. The launch is yet another milestone in the continued efforts by major asset managers to tokenize traditional financial products. Fidelity now joins BlackRock, Franklin Templeton, and WisdomTree i ...