Fidelity Quietly Launches a $200M Tokenized Treasury Fund to Compete With BlackRock

Financial giant Fidelity is officially taking on BlackRock in the tokenized Treasury market. The firm has quietly launched its own tokenized Treasury product on Ethereum, the Fidelity Digital Interest Token (FDIT), seeding it with over $200 million in a direct challenge to its rival’s dominant BUIDL fund. The move, confirmed by blockchain records and SEC […] The post Fidelity Quietly Launches a $200M Tokenized Treasury Fund to Compete With BlackRock appeared first on Coin Edition.