Express
Fidelity's Tokenized Treasury Fund FDIT on Ethereum Surpasses $200 Million in Assets
Summary: In a breaking development, Fidelity Asset Management has launched the Fidelity Digital Interest Token (FDIT) on the Ethereum network, representing blockchain shares of its Treasury Money Market Fund, with current assets exceeding $200 million. The fund only invests in US Treasuries and cash, with a management fee of 0.20%, and is custodied by the Bank ...
In a breaking development, Fidelity Asset Management has launched the Fidelity Digital Interest Token (FDIT) on the Ethereum network, representing blockchain shares of its Treasury Money Market Fund, with current assets exceeding $200 million. The fund only invests in US Treasuries and cash, with a management fee of 0.20%, and is custodied by the Bank of New York Mellon. FDIT currently has only two holders. This move pits Fidelity directly against BlackRock's BUIDL fund, which dominates the $700 million tokenized Treasury market. (BeInCrypto)
Tags:
Link: Fidelity's Tokenized Treasury Fund FDIT on Ethereum Surpasses $200 Million in Assets [Copy]
