Ethereum
FDIT is the on-chain share class of the Fidelity Treasury Digital Fund: each token mirrors one FYOXX share of the fund holding short-dated US Treasury bills and money-market assets. Unlike wrapped exposure built by third parties, this is Fidelity itself issuing fund shares as a permissioned ERC-20 on Ethereum, with transfers restricted to eligible holders and NAV held at one dollar with yield distributed in shares. Prism verified the contract and its 31.0 million token supply directly on Ethereum.
Fidelity's own Treasury fund share class, issued natively on Ethereum.
Prism analyst note
BlackRock has BUIDL; this is Fidelity's answer, and structurally the purer one: not a feeder or wrapper but the fund's own share class living on Ethereum, with the token as the register. A $5.8 trillion asset manager issuing natively on a public chain is the strongest possible signal about where fund infrastructure is going. Gated to eligible holders, so Prism lists it as verified data; its significance is the precedent.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- Short-dated US Treasury bills and money-market instruments held by the Fidelity Treasury Digital Fund
- Legal structure
- OnChain share class (FYOXX) of the Fidelity Treasury Digital Fund (FYHXX), a registered money market fund
- Jurisdiction
- United States
- Custodian
- Fund assets in traditional custody; the token is the share register
- Administrator
- Fidelity Investments
- Reserve information
- The token IS the share register of a registered money market fund: backing is the fund's Treasury portfolio, reported through Fidelity's ordinary fund disclosures. Prism verified the contract and supply on Ethereum; the on-chain tranche moves with subscriptions and redemptions.
- Transfer restrictions
- Permissioned ERC-20: transfers settle only between wallets eligible under Fidelity's onboarding. Listed by Prism as verified data and a signpost, not a tradable route.
- Investor eligibility
- Institutions
- KYC required
- Yes
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers.
Documents & disclosures
Frequently asked
How is this different from BUIDL?+
BUIDL is a fund built for on-chain distribution through Securitize. FDIT is a registered Fidelity money market fund whose OnChain share class is issued directly by Fidelity, with the token acting as the share register. Both are gated; the difference is who issues and how native the structure is.
