In May 2025, traditional financial giant Fidelity announced big news: it will launch a new fund called the 'RWA Infrastructure Fund', specifically targeting 'real-world assets' (Real-World Assets, RWA) on the blockchain.
This fund is large in scale, targeting $500 million, and is expected to officially open for subscriptions in the third quarter of this year.
What does this mean? It means that it is no longer 'a certain DAO is issuing bonds', but rather that real Wall Street institutions are beginning to bring real assets onto the chain, making investments transparent and traceable, and allowing for one-click settlement.
How to understand the fund structure?
Does this combination sound 'conservative'? That's right, Fidelity wants to create a stable portfolio that can earn interest, but they are not following the old methods completely.
New attempt: let DAOs participate in governance together
Fidelity specifically mentioned this time that it will cooperate with on-chain DAOs. Rumors say that MakerDAO and Ondo DAO may both join.
The permissions that this type of DAO may obtain include:
Has the right to make suggestions on whether certain on-chain bond rates are adjusted
Can use DAO's own treasury to buy 'shares'
May receive a portion of the fund management
This is called the 'co-governance model', meaning that traditional financial institutions and the DeFi community explore rules and profit-sharing methods together.
How did the market react when this news broke?
On the same day, RWA concept coins generally rose, especially:
ONDO, TOKENFI, and XDC rose more than 12%
Comments on platform X say: 'Fidelity wants to turn on-chain into another Vanguard.'
Some KOLs directly say: RWA is not a narrative; it is the real profit model of Web3.
When a giant like Fidelity, which has been quiet for decades, starts seriously laying out bonds, real estate, and infrastructure on the blockchain, you know that RWA is no longer just a story; it has become a 'legitimate profit channel' for Web3.
The next step may not be which new chain is bullish, but who can take a bite of the 'on-chain real asset' new cake.
About Fidelity Investments
Fidelity Investments is a globally renowned asset management company, established in 1946, headquartered in Boston, USA, and manages over $40 trillion. It is not only one of the largest pension management institutions in the US but has also been deeply involved in fields such as funds, brokerage services, and wealth management for many years.
