According to the Financial Times (FT) with reference to informed sources familiar with Fidelity Investments, the Boston Management Company, whose assets exceed $ 5 trillion, completes testing its own stablecoin.

Fidelity Investments is preparing to launch its own stablecoin against the backdrop of positive changes in the regulation of cryptocurrency in the United States. FT sources do not specify the probable time of the launch of stablecoin, but note that the FIDELITY digital asset unit, which will be entrusted with the management of a new digital asset, has reached the final stages of product testing.

The launch of its own stabilcoin Fidelity is part of the corporate strategy of the company to enter the nascent market of tokenized treasury bonds of the United States. At the end of last week, the company applied for the launch of its own digital fund of the US money market, which puts it in direct competition with traditional BlackRock and Franklin Templeton market leaders.

Earlier, the head of the Fidelity digital assets, Cynthia Lo Bessette, emphasized that tokensization is capable of transforming the scope of financial services and can increase the efficiency of capital markets, in particular, through the use of such assets for marginal support.

At the end of last year, the Farside Investors observer cited the data that the Exchange Fund for the air company Fidelity attracted significant investments from institutional customers, bypassing all competitors, including BlackRock and Grayscale.