Fidelity Asset Management has launched the Fidelity Digital Interest Token (FDIT) on the Ethereum network, representing a blockchain-based share of its Treasury Money Market Fund. The fund, which invests solely in U.S. Treasury bonds and cash, has surpassed $200 million in assets. Managed with a 0.20% fee, the fund is custodied by Bank of New York Mellon and currently has only two holders. This strategic move positions Fidelity in direct competition with BlackRock's BUIDL Fund, which leads the $700 million tokenized Treasury bond market. The launch of FDIT marks a significant step in the tokenization of traditional financial assets, highlighting the growing intersection of blockchain technology and traditional finance.