Fidelity’s tokenized U.S. Treasury fund has passed $250 million in value on Ethereum, growing 15% over the past month.
Fidelity’s tokenized money market fund, launched in early September, has reached about $266.2 million in on-chain represented assets, according to data from RWAxyz, which tracks real-world asset tokenization.
The product, called the Fidelity Digital Interest Token (FDIT), is a tokenized share class of Fidelity’s Treasury money market fund. It gives investors on-chain exposure to U.S. Treasurys and other short-term government-backed instruments.
With its rapid growth, Fidelity joins BlackRock in the expanding tokenized fund market. BlackRock’s BUIDL money market fund remains the largest tokenized RWA product, holding roughly $2.3 billion in assets. Most of BUIDL’s value had been on Ethereum, but its share on the network fell sharply last month as assets spread more evenly across other supported blockchains.
RWAs see strong growth in 2025
The total value of tokenized real-world assets has climbed above $36 billion, more than doubling since the start of the year. The market includes tokenized Treasurys, bonds, and private credit, with private credit accounting for more than $18.7 billion of the total.
Ethereum remains the leading blockchain for RWAs, hosting about $11.6 billion, or nearly 64% of the market.
A recent report from blockchain oracle provider RedStone forecasts that total on-chain RWA value could reach $60 billion in 2026.
Featured image from: cointrust.com