Fidelity’s Onchain Money Market Fund Surpasses $200M on Ethereum
Fidelity Investments, a $6.4T asset management titan, has officially crossed $200 million in supply for its tokenized money market fund on Ethereum. The Fidelity Digital Interest Token (FDIT) is backed by U.S. Treasuries and aims to deliver yield for DeFi users and institutions.
Currently, the tokenized treasuries sector has tripled this year, with over $7B now onchain. Major players like Ondo Finance now leverage FDIT as a reserve asset, marking a new era of institutional-grade tokenization in crypto.
