{"id":4685,"date":"2024-08-17T07:43:38","date_gmt":"2024-08-17T07:43:38","guid":{"rendered":"https:\/\/cryptd.in\/fidelity-joins-tokenization-race-researching-stablecoins-and-digital-treasury-products\/"},"modified":"2024-08-17T07:43:38","modified_gmt":"2024-08-17T07:43:38","slug":"fidelity-joins-tokenization-race-researching-stablecoins-and-digital-treasury-products","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sl\/fidelity-joins-tokenization-race-researching-stablecoins-and-digital-treasury-products\/","title":{"rendered":"Fidelity Joins Tokenization Race Researching Stablecoins and Digital Treasury Products"},"content":{"rendered":"

In a post on X on Aug. 15, ETF Store president Nate Geraci cited a report stating that Fidelity\u2019s digital asset management division was evaluating stablecoins and tokenized treasury products.<\/p>\n

He added that the firm is also reportedly researching on-chain credit and structured products before commenting that the \u201cspace is moving *fast*.\u201d<\/p>\n

Head of Fidelity digital asset management division says firm is evaluating stablecoins & tokenized treasury products\u2026<\/p>\n

Notes they\u2019re also researching onchain credit & structured products.<\/p>\n

Space is moving *fast*.<\/p>\n

via @DanielGKuhn<\/a> pic.twitter.com\/0wcKr2vb8Z<\/a><\/p>\n

\u2014 Nate Geraci (@NateGeraci) August 14, 2024<\/a><\/p>\n\n

Fidelity Into Stablecoins and RWA<\/h2>\n

Geraci sourced The Block, which interviewed the head of Fidelity\u2019s digital asset management division, Cynthia Lo Bessette, this week.\u00a0The executive, whose role is identifying novel investment products for different digital assets, said she was pleased with how the market has taken to crypto ETFs.<\/p>\n

She noted that stablecoins are one area where tokenization clearly provides value before hinting that the firm may launch its own product.<\/p>\n

\u201cWhere we are looking at and certainly have been evaluating projects that we\u2019ve already seen in the market, we think stablecoins, from the standpoint of representing tokenized cash, are certainly an obvious use case.\u201d<\/p>\n

She also stated that the next evolution after stablecoins is tokenized treasury products.<\/p>\n

\u201cPost that, we\u2019ve seen a lot of interesting project work in the credit and structured product space that we\u2019re also researching,\u201d she added.<\/p>\n

Geraci commented on the interest shown by these giant asset managers:<\/p>\n

\u201cWhat I love about the \u2018tokenization adds no value\u2019 crowd is they haven\u2019t thought to consider why BlackRock, Franklin, Fidelity, etc are involved or looking to get involved\u2026\u201d<\/p>\n

\u201cWe\u2019re talking about the world\u2019s largest asset managers,\u201d he exclaimed before adding, \u201cFidelity has a digital asset management division!\u201d<\/p>\n

In March, institutional asset management giant BlackRock announced<\/a> a tokenized real-world asset (RWA<\/a>) fund on Ethereum.<\/p>\n

Tokenized Treasuries at ATH<\/h2>\n

The tokenization of U.S. Treasuries has been booming this year, with total value locked hitting an all-time high of $1.92 billion on Aug. 14, v skladu s .<\/a> to RWA.xyz.<\/p>\n

TVL has surged 150% since the beginning of 2024, primarily driven by BlackRock\u2019s BUIDL fund<\/a>, which is the industry leader with $517 million locked and a market share of 27%.\u00a0The total stablecoin market capitalization is just below $170 billion, which has increased 28% since the beginning of this year.<\/p>\n

The RWA analytics outlet noted that the surge in market cap has been driven by tokenized treasuries.<\/p>\n

\u201cThe market cap of real-world assets sits just below $11 billion today, driven by tokenized private credit and US Treasury debt.\u201d<\/p>\n

The market cap of real-world assets sits just below $11 billion today, driven by tokenized private credit and US Treasury debt. <\/p>\n

Read more in our sector update below https:\/\/t.co\/Es1OtgAADY<\/a><\/p>\n

\u2014 RWA.xyz (@RWA_xyz) August 13, 2024<\/a><\/p>\n\n

Prispevek Fidelity Joins Tokenization Race Researching Stablecoins and Digital Treasury Products<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

In a post on X on Aug. 15, ETF Store president Nate Geraci cited a report stating that Fidelity\u2019s digital asset management division was evaluating stablecoins and tokenized treasury products. He added that the firm is also reportedly researching on-chain credit and structured products before commenting that the \u201cspace is moving *fast*.\u201d Head of Fidelity […]<\/p>\n","protected":false},"author":0,"featured_media":4686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nFidelity Joins Tokenization Race Researching Stablecoins and Digital Treasury Products - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/sl\/fidelity-joins-tokenization-race-researching-stablecoins-and-digital-treasury-products\/\" \/>\n<meta property=\"og:locale\" content=\"sl_SI\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelity Joins Tokenization Race Researching Stablecoins and Digital Treasury Products - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"In a post on X on Aug. 15, ETF Store president Nate Geraci cited a report stating that Fidelity\u2019s digital asset management division was evaluating stablecoins and tokenized treasury products. 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