Fidelity’s Tokenized Fund Surpasses $200 Million AUM

Fidelity’s FDIT, a tokenized fund offering institutional-grade redemption backed by U.S. Treasury bonds, has surpassed the $200 million mark in assets under management (AUM). This marks significant progress for Fidelity and pushes it closer to rival BlackRock’s BUIDL, which also operates on the Ethereum blockchain. Despite this accomplishment, Fidelity maintains strict regulatory compliance. This move highlights a growing trend of institutional investment in digital assets on Ethereum as businesses explore blockchain-based finance.