PANews, June 18 – According to CoinDesk, Fidelity Investments launched the Fidelity Reserves Digital Fund on Thursday, a money market fund designed for stablecoin issuers and institutional investors, aimed at managing stablecoin reserve assets as required by the GENIUS Act. Fidelity’s fund will invest in U.S. Treasury securities with maturities of 93 days or less, cash, Treasury-backed overnight repurchase agreements, and other compliant government money market funds. This follows a similar product recently launched by State Street, highlighting how traditional financial institutions are racing to capture a market that could expand to trillions of dollars.