{"id":46550,"date":"2025-09-09T13:16:46","date_gmt":"2025-09-09T13:16:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46550"},"modified":"2025-09-09T13:16:46","modified_gmt":"2025-09-09T13:16:46","slug":"fidelitys-tokenized-money-market-fund-rolled-out-on-ethereum-with-ondo-holding-202m","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46550","title":{"rendered":"Fidelity’s Tokenized Money Market Fund Rolled Out on Ethereum With Ondo Holding $202M"},"content":{"rendered":"
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Fidelity Investments has rolled out its tokenized money market fund on the Ethereum (ETH) blockchain, marking the Boston-based investment management giant’s entrance in the rapidly growing tokenized asset field.<\/p>\n

Some $202 million in Fidelity Digital Interest Tokens (FDIT) were minted blockchain in early September, blockchain data<\/a> on Etherscan shows. FBIT is the token representation of the Fidelity Treasury Digital Fund (FYOXX<\/a>), the on-chain share class of the Fidelity Treasury Digital Fund (FYHXX<\/a>), which seeks to provide yield to investors by holding U.S. Treasury bills. The asset manager first unveiled<\/a> the facility in March in a regulatory filing with the U.S. Securities and Exchange Commission (SEC).<\/p>\n

The key investor in the offering is tokenization platform Ondo Finance<\/a>, holding $202 million in FBIT as a reserve asset for its OUSG yield-generating token, Ondo’s daily report<\/a> shows. OUSG uses a range of tokenized money market funds including BUIDL by BlackRock and Securitize, Franklin Templeton’s BENJI and WisdomTree’s WTGXX to back the token’s value.<\/p>\n

Tokenized Treasury boom<\/h3>\n

Tokenization of government debt, a crucial collateral asset in global markets, is part of a broader push to bring financial instruments, or real-world assets (RWA), onto blockchain rails. Global banks and asset managers like Fidelity Investments explore tokenization to cut settlement times, increase transparency and keep markets open around the clock.<\/p>\n

The market of tokenized U.S. Treasuries is growing rapidly, more than tripling in the last year to $7.5 billion, RWA.xyz data<\/a> shows. BlackRock and tokenization specialist Securitize dominates the market with the $2.4 billion BUIDL token, followed by offerings by Franklin Templeton and WisdomTree.<\/p>\n

These tokens are increasingly used as a key piece of infrastructure for yield-earning strategies and collateral in the crypto economy.<\/p>\n

Read more: Nasdaq Seeks Nod From U.S. SEC to Tokenize Stocks<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fidelity Investments has rolled out its tokenized money market fund on the Ethereum (ETH) blockchain, marking the Boston-based investment management giant’s entrance in the rapidly growing tokenized asset field. Some $202 million in Fidelity Digital Interest Tokens (FDIT) were minted blockchain in early September, blockchain data on Etherscan shows. FBIT is the token representation of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-46550","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46550"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46550\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}