Fidelity International has selected JPMorgan’s Onyx Digital Assets blockchain to tokenize a money market fund.
Tokenization occurred near instantaneously through connectivity between the fund’s transfer agent and Tokenized Collateral Network, an application that sits between a collateral receiver and a collateral provider on the bank's Onyx blockchain, said Fidelity International, which is a separate entity to U.S.-based Fidelity Management and Research., and it’s an area JPMorgan has been working on for some years.