Fidelity plans to launch a blockchain based money market fund

Odaily Planet Daily News: Fidelity is preparing to launch a money market fund that may be traded on blockchain in the future. This is the latest move by traditional large fund management companies to explore the use of blockchain technology to accelerate financial transactions and expand product audiences. Recently, Fidelity submitted a document to the US SEC outlining the plan. By launching this fund, Fidelity will catch up with BlackRock's pace. The latter already has a similar fund and has attracted over $500 million in funding. （The Information）