JUST IN: Our sources are saying it’s a major fund that has the green light from the SEC. We're hearing could be Fidelity, ARK Invest, or BlackRock.
These players will be able to tokenize funds and to trade the underlyings against their fund, meaning they can trade the fund itself as a token onchain and also the underlying.
This would have major ramifications in the asset management industry here in the US if this is true as it would mean all funds would scramble to issue native equity tokens for their shares.
Our latest update sounds a lot more concrete, which leads to believe this rumor is indeed true.
We patiently wait for SEC Chair Atkins' word on the matter.
@CathieDWood @ARKInvest @Fidelity @DigitalAssets @BlackRock
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