Fidelity Investments Officially Launches Fidelity Digital Interest Token (FDIT) on Ethereum: A New Era of Treasury Tokenization

Financial innovation has entered a pivotal phase. Fidelity Investments has officially introduced the Fidelity Digital Interest Token (FDIT), a tokenized treasury fund built on the Ethereum network. This move signals a strong shift, indicating that real-world asset (RWA) tokenization is moving ever closer to the mainstream of the global financial sector.

Interestingly, the launch of FDIT took place without a major public announcement. Nonetheless, data shows that assets under management have already surpassed US$200 million,  a significant achievement for a newly introduced product. According to rwa.xyz, the total supply of FDIT now stands at 203 million tokens, with two dominant holders, one of which controls nearly US$1 million worth of the tokens.

Competitive Product Structure and Fees

FDIT is issued as an ERC-20 token on the Ethereum network. This design allows institutions to access the fund on-chain, transfer assets in real time 24/7, and redeem tokens without traditional administrative barriers.

Fund management applies an annual fee of 0.20% with no additional performance fees — a rate considered competitive in the treasury tokenization space. This step also follows a prior SEC filing related to adding on-chain share classes to an existing fund, reflecting strong regulatory readiness and a mature legal foundation.

Strategy Amid the Global Treasury Tokenization Ecosystem

Fidelity’s move represents a strategic entry into the rapidly growing treasury tokenization market, currently valued between US$7–7.4 billion. The market is presently led by BlackRock’s BUIDL, which controls more than US$2 billion in assets. Analysts project that the tokenized securities market could surpass US$2 trillion by 2030.
 

Compared to other players such as JPMorgan (JPMD) and BlackRock (BUIDL), FDIT enters the market with a focus on regulatory compliance and full on-chain integration, combining the security of traditional financial institutions with the efficiency of modern blockchain infrastructure.

Impact and Future Direction

FDIT provides indirect access to U.S. Treasuries for the digital community without trading-hour restrictions and without conventional fund intermediaries. This model is expected to attract interest from institutional investors and DeFi platforms seeking both safe yields and on-chain collateral.
 

Although the number of holders remains limited, this structure has the potential to accelerate the global adoption of tokenized assets. If followed by other asset managers and supported by advancements in custodial infrastructure, the era of fully on-chain, transparent, and rapid financial products is anticipated to draw significantly closer.