The American asset manager has finally entered the stablecoin market and has chosen Ethereum for deployment. Fidelity Investments is launching its own stablecoin called the Fidelity Digital Dollar (FIDD), which will be pegged 1:1 to the US dollar and backed by reserves. The stablecoin will be available to both institutional and retail clients in the […]
Fidelity Chooses Ethereum For its New FIDD Stablecoin Read More »
Fidelity Investments – one of the world’s most prominent asset managers – has reported that a data breach in August affected the personal information of over 77,000 customers. The breach, which occurred between August 17 and August 19, 2024, allowed an unauthorized third party to gain access to two customer accounts. No Evidence of Data
Fidelity Investments Reports Data Breach Affected Over 77,000 Customers Read More »
In a post on X on Aug. 15, ETF Store president Nate Geraci cited a report stating that Fidelity’s 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 “space is moving *fast*.” Head of Fidelity
Fidelity Joins Tokenization Race Researching Stablecoins and Digital Treasury Products Read More »
Last updated: May 21, 2024 07:46 EDT | 2 min read Asset manager Fidelity has made an amended S-1 application to the United States Securities and Exchange Commission (SEC) for its spot Ether exchange-traded fund (ETF). The updated application specifies that the underlying Ether tokens of the ETF will not be staked, according to recent
Fidelity Files Amended S-1 Application with SEC for Spot Ether ETF, Removes Staking Read More »
Fidelity Investments Office / Source: Adobe Asset management giant Fidelity just filed a 19b-4 with the Chicago Board Options Exchange (CBOE) to set up a spot Ethereum exchange-traded fund (ETF) called the Fidelity Ethereum Trust, just one day after BlackRock filed to set up the iShares Ethereum Trust, its own spot Ethereum ETF. The latest
Fidelity Follows BlackRock, Files For Spot Ethereum ETF – Where Next for Ether (ETH)? Read More »
Source: iStock ‘Big Four’ accounting behemoth Ernst & Young (EY) unveiled Tuesday that Fidelity Digital Assets, the digital asset arm of Fidelity Investments, has adopted EY’s latest blockchain analytic tool. Dubbed EY Blockchain Analyzer: Reconciler, the tool is available through EY Blockchain’s Software as a Service (SaaS) platform. The “fourth generation” product will enable organizations
