Fidelity has launched the Fidelity Digital Interest Token (FDIT)—a tokenized version of its Treasury Digital Fund—on the Ethereum blockchain. Over $200 million in FDIT has already been minted, with Ondo Finance holding it as a reserve for its OUSG yield token.

This move expands Fidelity’s footprint in tokenized U.S. Treasuries, which have now tripled in just a year to about $7.5 billion in market size.

Institutional managers like BlackRock, Franklin Templeton, and WisdomTree are also contributing to the deepening of this onchain ecosystem.

Fidelity’s entry marks a turning point in mainstream asset managers adopting tokenization for enhanced liquidity, transparency, and settlement efficiency.

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