Fidelity’s Ethereum-based Fidelity Digital Interest Token (FDIT) is a tokenized Treasury money market fund that holds $203.6M in assets and allocates 99.5% to U.S. Treasuries and cash, with custody by Bank of New York Mellon and a 0.20% management fee.
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FDIT holds $203.6M in assets with two current holders, per RWA.xyz data.
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BlackRock’s BUIDL leads tokenized Treasuries with $2B; market size exceeds $7B including Franklin Templeton and WisdomTree.
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McKinsey projects tokenized securities could reach $2T by 2030, underscoring institutional interest.
Fidelity Digital Interest Token (FDIT) leads tokenized Treasury adoption—$203.6M AUM, 99.5% Treasuries, custody by BNY Mellon. Read more on institutional tokenization.
What is the Fidelity Digital Interest Token (FDIT) and how does it work?
Fidelity Digital Interest Token (FDIT) is a tokenized share class of the Fidelity Treasury Digital Fund (FYOXX) built on Ethereum. It represents fund shares on-chain, allocates 99.5% of assets to U.S. Treasuries and cash, and charges a 0.20% management fee with custody by Bank of New York Mellon.
How much assets does the Fidelity tokenized Treasury hold and who owns them?
As of the latest RWA.xyz snapshot, FDIT holds $203.6 million in assets. Activity is concentrated: two on-chain holders are recorded, one with roughly $1 million and the other holding nearly the remaining balance. The fund began operations in August 2025 and has limited public commentary from Fidelity so far.
Why are asset managers launching tokenized Treasuries?
Large asset managers pursue tokenized Treasuries to improve settlement efficiency, enable programmable liquidity, and expand distribution channels for institutional cash management. BlackRock, Franklin Templeton, and WisdomTree have already scaled offerings, pushing the sector past $7 billion in tokenized Treasury assets.
How significant is institutional adoption and future growth?
Institutional momentum is measurable: BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $2 billion, and industry analysis including McKinsey forecasts tokenized securities could reach $2 trillion by 2030. These projections reflect growing interest in RWA (real-world asset) tokenization among major financial firms.
Frequently Asked Questions
How does FDIT differ from traditional money market funds?
FDIT issues an on-chain share class on Ethereum that represents fund shares, enabling blockchain settlement and potential programmability while keeping a traditional cash and Treasury allocation and institutional custody by Bank of New York Mellon.
Is the market for tokenized Treasuries large?
Yes. BlackRock’s BUIDL exceeds $2 billion and combined initiatives by Franklin Templeton and WisdomTree push the market above $7 billion. Industry research, including plain text reference: McKinsey, estimates potential expansion to $2 trillion by 2030.
Can retail investors access FDIT?
Current on-chain records show two holders and concentrated participation. Public availability may be limited at launch; investors should consult official fund disclosures and regulatory filings for eligibility details.
Key Takeaways
- Rapid AUM at launch: FDIT reached $203.6M in weeks, signaling institutional allocations.
- Concentrated holdings: Only two on-chain holders indicate limited distribution and liquidity considerations.
- Sector momentum: Tokenized Treasuries exceed $7B market-wide, with forecasts projecting large-scale growth by 2030.
Conclusion
The Fidelity Digital Interest Token (FDIT) marks a notable institutional step into tokenized Treasuries, combining a 99.5% Treasury allocation, a 0.20% fee, and BNY Mellon custody. With major managers like BlackRock and Franklin Templeton expanding offerings and McKinsey projecting significant growth, tokenized securities are becoming a mature institutional channel. Monitor on-chain metrics, custodian disclosures, and regulatory filings for evolving participation and liquidity trends.
