Fidelity Launches Tokenized Treasury Fund on Ethereum

Fidelity Investments has entered the $7.4 billion tokenised Treasuries market with the launch of FDIT, a tokenised share class of its Treasury fund on Ethereum. The fund has issued 203 million tokens and more than $200 million in short-term U.S. Treasuries and money-market assets. Joining peers like BlackRock’s BUIDL, Ondo’s OUSG, Circle’s USYC, and Franklin’s BENJI in the expanding tokenised Treasuries market, early adoption is restricted to a select few.