Fidelity to Launch the Fidelity Treasury Digital Fund

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Fidelity Investments has submitted a filing with the US Securities and Exchange Commission (SEC) to introduce the Fidelity Treasury Digital Fund, a money market fund for institutions, leveraging blockchain technology to record share ownership while primarily investing in US Treasury securities.

Outlined in a March 21, 2025, preliminary prospectus, the fund aims to provide high current income while preserving capital and liquidity. It will allocate at least 99.5% of its assets to cash and US.

Treasury securities, with 80% directly in Treasuries, complying with standard money market fund regulations under the Investment Company Act of 1940. Unlike crypto-focused products, this fund will not invest in digital assets.