FDIT's tokenized treasury fund launched on Ethereum has exceeded US$200 million
Source: PANews
Time: 2025-09-08 09:47:05
PANews reported on September 8 that according to BeInCrypto, Fidelity Asset Management has issued Fidelity Digital Interest Token (FDIT) on the Ethereum network, corresponding to the blockchain version of its Treasury bond money market fund, with current asset size exceeding US$200 million. The fund invests only in U.S. Treasury bonds and cash, with an administrative fee of 0.20%, and is escrowed by Bank of New York Mellon. FDIT currently has only two holders. The move has allowed Fidelity to compete directly with BlackRock's BUIDL fund, which dominates the $700 million tokenized Treasury bond market.