The HBAR Foundation has announced an undisclosed investment in the Archax-tokenized Fidelity International Dollar Money Market Fund. The investment follows the recent tokenization of MMFs on the Hedera network by Archax, the first FCA-regulated digital asset exchange, broker, and custodian, and a distributor of Fidelity International funds. These tokenized shares are available on the Archax platform, allowing investors to gain exposure to assets through a blockchain-powered mechanism.
Fidelity International has listed a physical Bitcoin ETP on the London Stock Exchange. (Bitcoin Magazine)
Decentralized computing platform Chainlink today announced a partnership with Fidelity International and crypto bank Sygnum on a project focused on bringing NAV data to the blockchain. The partnership aims to provide transparency and accessibility to NAV data for tokenized assets, specifically Sygnum's recently released on-chain representation, which represents the 50 million USD Matter Labs reserves held in Fidelity's 6.90 billion USD Institutional Liquidity Fund. Chainlink says its technology ...
Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, highlighted his base case for no rate cuts this year. "If inflation continues to progress over the summer or the labour market starts to show some signs of stress, we do think the chances of a rate cut this year are rising," the analyst said. "Nonetheless, the US economy remains resilient and the inflation data released today is influenced by the auto insurance and airfare sub-items, meaning the bar to k...