Fidelity's on-chain tokenized fund FDIT surpasses $200 million in scale

According to ChainCatcher, the on-chain tokenized fund product launched by asset management giant Fidelity, Fidelity Digital Interest Token (FDIT), has now surpassed $200 million in scale, currently reaching $203,685,560.

It is reported that this product is deployed on the Ethereum blockchain and represents tokenized shares of the Fidelity Treasury Digital Fund (FYOXX). It is backed by U.S. Treasury bonds and allows for 1:1 redemption of fund shares. Its potential competitor is BlackRock's BUIDL.