Fidelity's on-chain tokenized fund product FDIT has exceeded 200 million USD in scale

ChainCatcher news, the on-chain tokenized fund product Fidelity Digital Interest Token (FDIT) launched by asset management giant Fidelity has currently exceeded $200 million, reaching $203,685,560.

It is reported that the product is deployed on the Ethereum blockchain and is a tokenized share of Fidelity's digital fund (FYOXX), backed by U.S. Treasury bonds and allowing for 1:1 redemption of fund shares. Its potential comparable competitor is BlackRock's BUIDL.