Fidelity Digital Interest Token

FDIT Price

About Fidelity Digital Interest Token (FDIT)

Fidelity Digital Interest Token is a regulated, institutional-grade digital asset that provides on-chain exposure to a Fidelity-managed Treasury mutual fund.

• Stable Value: Designed to maintain a stable Net Asset Value (NAV) of $1.00 per token through its link to underlying fund shares.
• Treasury Backing: Backed by a portfolio consisting of at least 99.5% cash and short-term US Treasury securities.
• Yield Distribution: Utilizes a rebasing mechanism to distribute accrued interest directly to holders' wallets by increasing their token balance.

What Is Fidelity Digital Interest Token

Fidelity Digital Interest Token (FDIT) functions as a tokenized share class of the Fidelity Treasury Digital Fund (FYOXX), a mutual fund registered with the U.S. Securities and Exchange Commission (SEC). Unlike traditional cryptocurrencies, FDIT is a digital representation of a direct ownership claim on shares of a regulated investment vehicle. Value moves through the system as investors subscribe to or redeem from the underlying fund, with the on-chain token supply expanding or contracting to match the outstanding shares.

The token is "put to work" as a yield-bearing cash equivalent for institutional entities. It allows holders to earn current income derived from the fund's portfolio of short-term government debt while maintaining the liquidity and transferability of a blockchain-based asset. As the ecosystem of Real World Assets (RWA) grows, FDIT scales by providing a trusted, institutional gateway for on-chain treasury management.

What Makes Fidelity Digital Interest Token Unique

• Rebasing Yield Mechanism: Interest income is automatically compounded into a holder's balance daily, allowing the price to remain stable at $1.00 while the quantity of tokens grows.
• Institutional Governance: Managed by Fidelity Digital Asset Management, LLC, with custody of off-chain assets provided by BNY Mellon, ensuring a high level of traditional financial oversight.
• Bankruptcy Remote Structure: The underlying fund assets are segregated and protected from the issuer's creditors, providing a layer of security for institutional participants.
• Permissioned Access: Transacting in FDIT is restricted to whitelisted institutional and accredited investors who have completed rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

What Can You Use Fidelity Digital Interest Token for?

Fidelity Digital Interest Token is pegged to the US Dollar and serves as a digital bridge to traditional government securities within the RWA category. Its utility is defined by the following categories:

1. Value retention: The asset allows institutional users to hold a digital, on-chain representation of the US Dollar, significantly reducing exposure to broader crypto-market volatility while maintaining a stable $1.00 NAV.
2. Yield generation: Holders receive native yield generated from the fund's underlying investment in US Treasuries. This yield is distributed daily via a rebasing mechanism, reflecting prevailing short-term government interest rates.
3. Cross-border settlement / value transfer: FDIT enables the efficient, 24/7 international transfer of US Dollar value between whitelisted institutional participants, bypassing the delays associated with traditional banking rails.
4. Collateralization: The token can be used as high-quality collateral for borrowing and lending within permissioned decentralized finance environments or as margin for institutional derivatives trading.

How Does Fidelity Digital Interest Token Work?

FDIT operates as a permissioned ERC-20 application utility token on the Ethereum blockchain. The technical mechanism is built around a one-for-one relationship with shares of the Fidelity Treasury Digital Fund. When an eligible investor subscribes to the fund, new FDIT tokens are minted and assigned to their whitelisted address. Conversely, redemptions result in the burning of tokens as fund shares are liquidated.

The blockchain record serves as a secondary ledger to the transfer agent's official book-entry records, which govern ownership. Protocol service fees are managed through a management fee structure, which was established at 0.25% annually with temporary waivers reducing the effective rate. The smart contract includes built-in compliance logic that prevents transfers to any address not explicitly authorized by the issuer.

Team Info and Investors

Fidelity Digital Interest Token is an institutional product of Fidelity Investments (FMR LLC), one of the world's largest asset managers. The issuer is Fidelity Digital Asset Management, LLC, a subsidiary focused on bridging traditional finance with digital asset infrastructure. The underlying fund, Fidelity Treasury Digital Fund (FYOXX), is overseen by Fidelity's broader management team. BNY Mellon serves as the primary custodian for the fund's cash and Treasury holdings, while the project's early adoption is driven by institutional investors and qualified purchasers seeking regulated on-chain yield.

Where can you buy Fidelity Digital Interest Token?

FDIT tokens have stopped trading - ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of Fidelity Digital Interest Token (FDIT)?

The 24 hour trading volume of Fidelity Digital Interest Token (FDIT) is $0 which signals a drop in market activity. If you own FDIT tokens, liquidity of the token is likely to be low. Proceed with caution. You may explore CoinGecko’s list of most traded cryptos for coins with higher liquidity.

What is the highest and lowest price for Fidelity Digital Interest Token (FDIT)?

Fidelity Digital Interest Token (FDIT) reached an all-time high of $1.00 and an all-time low of $1.00000. It’s now trading 0.00% below that peak and 0.00% above its lowest price.

What is the market cap of Fidelity Digital Interest Token (FDIT)?

Market capitalization of Fidelity Digital Interest Token (FDIT) is $23,062,851 and is ranked #837 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of FDIT tokens (23 Million tokens are tradable on the market today).

What is the fully diluted valuation of Fidelity Digital Interest Token (FDIT)?

The fully diluted valuation (FDV) of Fidelity Digital Interest Token (FDIT) is $23,062,851. This is a statistical representation of the maximum market cap, assuming total number of 23 Million ETH tokens are in circulation today.

How does the price performance of Fidelity Digital Interest Token compare against its peers?

With a price increase of 0.00% in the last 7 days, Fidelity Digital Interest Token (FDIT) is underperforming the global cryptocurrency market which is up 9.70%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 5.60%.

How to add Fidelity Digital Interest Token (FDIT) to MetaMask?

Adding Fidelity Digital Interest Token (FDIT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import FDIT as a token. You can copy FDIT’s contract address (0x48ab4e39ac59f4e88974804b04a991b3a402717f) and import it manually, or if you've installed MetaMask's chrome extension, add FDIT to MetaMask with one click on CoinGecko.

Add FDIT to MetaMask.