According to The Rollup host Andy, a source says a major fund has received SEC approval to tokenize fund shares on-chain and trade them against underlying assets. The fund may involve Fidelity, ARK Invest, or BlackRock. The news is unconfirmed, pending SEC Chair Atkins' confirmation.
The Rollup host Andy says, citing a source, that a major fund has apparently gotten a "green light" from the US SEC to put its fund shares on-chain and trade them against the underlying assets. Big claim. The fund may be tied to Fidelity, ARK Invest, or BlackRock. But Andy stressed that this is still unconfirmed, and the exact details are still waiting on confirmation from SEC Chair Atkins.
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