Fidelity is considering launching stablecoins, tokenized treasury bonds, and blockchain-based loans, along with future plans to expand its product lineup.
Planned Products
Cynthia Lo Bessette, head of Fidelity's Digital Asset Management division, hinted at potential future products including stablecoins, tokenized treasury bonds, and blockchain-based credit.
Current Product Successes
Fidelity's Wise Origin Bitcoin Fund is the second-largest exchange-traded product of its kind and is among the top five most-traded ETFs in the U.S. this year. As of July 31, the fund had about $12 billion in assets under management, while the Fidelity Ethereum Fund has raised $259 million since its launch in early July.
Future of Staking and Trading
Lo Bessette noted that the U.S. Securities and Exchange Commission (SEC) has not yet approved an ETH ETF that can stake underlying assets, but this may change in the future. Fidelity is also discussing the possibility of improving the way its current products are traded by enabling in-kind payments.
Fidelity is actively exploring the digital asset market, planning new products, and improving existing solutions. Attention to customer needs and evolving regulatory environment continue to play key roles in the company's development.
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