Fidelity launches a $202M tokenized money market fund on Ethereum via Ondo, advancing real-world asset tokenization and bridging TradFi with DeFi.
Fidelity has officially launched the Fidelity Digital Interest Token, a blockchain-based representation of a tokenized money market fund issued on the Ethereum network. Backed by approximately $202 million and managed through the Ondo platform, this move positions Fidelity as a trailblazer in the rapidly expanding real-world asset (RWA) tokenization sector.
This token integrates seamlessly into the growing market of tokenized securities, offering investors transparent, programmable, and efficient access to traditional financial products via blockchain infrastructure. The RWA sector has already surpassed $7 billion, driven by the tokenization of U.S. Treasury bonds and other institutional-grade assets.
By bridging traditional finance (TradFi) and decentralized finance (DeFi), Fidelity’s initiative paves the way for hybrid financial instruments that promise enhanced liquidity, global accessibility, and streamlined operations, marking a significant milestone in the evolution of digital finance.
