Fidelity's Digital Interest Token (FDIT) has surpassed $200 million in assets under management, indicating a growing institutional interest in tokenized funds.
Portfolio Structure and Market Mechanics
The portfolio structure and mechanics of FDIT mirror those of the Fidelity Treasury Digital Fund (FYOXX), which is fully invested in U.S. Treasuries and cash. As of September 5, 2025, the net asset value is 1.00, supported by a 1-day yield of 4.10%, a 7-day yield of 4.07%, and a 30-day yield of 4.09%. Daily disclosures show a mil rate of 0.000112307 and a cumulative month-to-date figure of 0.000556938. The portfolio consists entirely of U.S. Treasury Bills, totaling 132.39%.
The Widening Tokenized Treasury Market and Competition
Fidelity's development occurs in the context of increased competition, particularly with BlackRock’s BUIDL fund, which has already grown to exceed $2.2 billion in AUM. While BUIDL maintains a commanding lead, FDIT issued by Fidelity can be seen as a direct threat and an indicator that traditional asset managers do not consider tokenized funds an experiment but a structural shift in the market.
Conclusion on Tokenized Funds
Fidelity is actively building investment infrastructure, placing it directly alongside BlackRock in a race likely to influence the future design of global capital markets. Tokenized U.S. Treasuries now exceed $5 billion in combined market size, confirming the growing interest in efficient settlements and liquidity solutions.
The growth of FDIT highlights the increasing interest in tokenized funds, which may reshape traditional financial structures and enhance market efficiency.
