Fidelity’s Ethereum-Based Treasury Fund Raises $200M, Signaling Growth of Tokenized Assets

Asset management giant Fidelity has quietly launched its Ethereum-based treasury fund, FDIT, which has seen significant interest, attracting more than $200 million in assets without any public announcement. This blockchain-powered version of the firm’s traditional Treasury fund gives users direct access to Fidelity’s portfolio, comprising entirely of U.S. Treasury securities and cash. The fund charges a 0.20% annual management fee, positioning it competitively within the burgeoning tokenized treasury market.