Fidelity Quietly Launches a $200M Tokenized Treasury Fund to Compete With BlackRock
- Fidelity quietly launches $200M tokenized Treasury fund on Ethereum with only two holders.
- FDIT tokens link U.S. Treasuries to Ethereum, charging a 0.20% fee and using BNY Mellon as custodian.
- Tokenized Treasury market tops $7B, led by BlackRock, with projections of $2T by decade’s end.
Financial giant Fidelity is officially taking on BlackRock in the tokenized Treasury market. The firm has quietly launched its own tokenized Treasury product on Ethereum, the Fidelity Digital Interest Token (FDIT), seeding it with over $200 million in a direct challenge to its rival’s dominant BUIDL fund. The move, confirmed by blockchain records and SEC filings, was made with no public announcement.
Fidelity Launches Ethereum Treasury Fund
— Coin Edition: Your Crypto News Edge (@CoinEdition) September 8, 2025Fidelity launches $FDIT, a tokenized share class of its Treasury money market fund.
Breakdown of Fidelity’s New FDIT Token
The new fund is designed to bridge traditional assets with blockchain inf…
The post Fidelity Quietly Launches a $200M Tokenized Treasury Fund to Compete With BlackRock appeared first on Coin Edition.
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Fidelity Quietly Launches a $200M Tokenized Treasury Fund to Compete With BlackRock
- Fidelity quietly launches $200M tokenized Treasury fund on Ethereum with only two holders.
- FDIT tokens link U.S. Treasuries to Ethereum, charging a 0.20% fee and using BNY Mellon as custodian.
- Tokenized Treasury market tops $7B, led by BlackRock, with projections of $2T by decade’s end.
Financial giant Fidelity is officially taking on BlackRock in the tokenized Treasury market. The firm has quietly launched its own tokenized Treasury product on Ethereum, the Fidelity Digital Interest Token (FDIT), seeding it with over $200 million in a direct challenge to its rival’s dominant BUIDL fund. The move, confirmed by blockchain records and SEC filings, was made with no public announcement.
Fidelity Launches Ethereum Treasury Fund
— Coin Edition: Your Crypto News Edge (@CoinEdition) September 8, 2025
Breakdown of Fidelity’s New FDIT Token
The new fund is designed to bridge traditional assets with blockchain inf…
The post Fidelity Quietly Launches a $200M Tokenized Treasury Fund to Compete With BlackRock appeared first on Coin Edition.
Read More