Express

Fidelity's Chain Tokenization Fund FDIT Exceeds $200 Million in Size

Summary: According to reports, asset management giant Fidelity has launched the chain tokenization fund product Fidelity Digital Interest Token (FDIT), which currently exceeds $200 million in size, reaching $203,685,560. The product is deployed on the Ethereum blockchain, representing tokenized shares of Fidelity Treasury Digital Fund (FYOXX), backed by US Treasury bonds and allowing for 1:1 redemption ...

According to reports, asset management giant Fidelity has launched the chain tokenization fund product Fidelity Digital Interest Token (FDIT), which currently exceeds $200 million in size, reaching $203,685,560. The product is deployed on the Ethereum blockchain, representing tokenized shares of Fidelity Treasury Digital Fund (FYOXX), backed by US Treasury bonds and allowing for 1:1 redemption of fund shares. Its potential benchmark competitor is BlackRock's BUIDL.

Last Update:

Tags:
Link: Fidelity's Chain Tokenization Fund FDIT Exceeds $200 Million in Size [Copy]

Last: Whale Increases Holdings of 2329 ETH at an Average Price of $4293 and Adds Bilateral Liquidity

Next: Data: a16z Receives 1.428 Million HYPE Tokens Worth $66.6 Million

The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 4 days ago

Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 8 days ago

BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 11 days ago

The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 15 days ago

Google Steps Into Blockchain: A New Front in the “Ledger Wars” 17 days ago