Fidelity Digital Interest Tokens (FDIT)

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Fidelity's Tokenized Money Market Fund Rolled Out on Ethereum With Ondo Holding $202M
Yahoo Financeยท 2025-09-09 12:02
Group 1 - Fidelity Investments has launched its tokenized money market fund on the Ethereum blockchain, marking its entry into the tokenized asset market [1] - The Fidelity Digital Interest Tokens (FDIT) amounting to $202 million were minted in early September, representing the Fidelity Treasury Digital Fund [2] - The key investor in this offering is Ondo Finance, which holds $202 million in FBIT as a reserve asset for its yield-generating token [3] Group 2 - The tokenization of government debt is part of a broader initiative to bring real-world assets onto blockchain, aimed at reducing settlement times and increasing market transparency [4] - The market for tokenized U.S. Treasuries has grown rapidly, exceeding $7.5 billion, with BlackRock and Securitize leading the market [5]