Fidelity’s Tokenized Fund Reaches $200 Million Milestone, Challenging BlackRock

Fidelity Investments has announced that its digital fund, FDIT, powered by the Ethereum blockchain, has surpassed a remarkable milestone, exceeding $200 million in assets. This feat presents a significant challenge to BlackRock’s BUIDL fund, demonstrating the growing interest and adoption of tokenized securities within institutional investors. 🤯 This achievement highlights a notable shift towards digital assets as institutions increasingly embrace blockchain technology for financial products.