Fidelity Launches Ethereum-Based Treasury Token, Breaking $200 Million Mark

Fidelity Asset Management has made a significant move in the world of blockchain finance. The company’s new Ethereum-based treasury token, the Fidelity Digital Interest Token (FDIT), now holds over $200 million in assets just weeks after its launch. This innovative product allows investors to access Fidelity’s traditional Treasury fund through a crypto-native tokenized format. The FDIT is built on Ethereum and represents shares in the Fidelity Treasury Digital Fund (FYOXX). 203.6 million dollars worth of assets have already been allocated.