Fidelity International just launched FILQ — a tokenized money market fund issued as an ERC-20 on Ethereum.
It's an onchain version of their ~$7B institutional liquidity fund: same strategy, a Moody's AAA-mf rating, but with 24/7 subscription and redemption.
The biggest asset managers in the world are tokenizing cash, and settling it on Ethereum.
As BlackRock CEO Larry Fink put it, "We're not spending enough time talking about how quickly we're going to tokenize every financial asset."