Fidelity Digital Assets Launches FIDD on Ethereum: Institutional-Grade Token Now Live and Transferable

Wall Street meets Web3. Fidelity Digital Assets just dropped FIDD onto the Ethereum mainnet, making the token fully live and transferable. This isn't a test—it's the real deal for institutions.

The On-Chain Shift

Fidelity bypasses traditional finance pipelines, cutting settlement times from days to minutes. The move signals a deeper institutional embrace of programmable assets, not just passive holdings.

Why Ethereum Wins

The network's liquidity and developer ecosystem made it the obvious choice. Fidelity's stamp of approval adds heavyweight validation to the Ethereum ecosystem, potentially pulling more conservative capital off the sidelines.

A New Standard for Digital Assets

This launch sets a benchmark for security and compliance in tokenized finance. Other asset managers now face pressure to launch their own on-chain products or risk falling behind.

The bottom line? When a trillion-dollar player starts moving real assets on-chain, the 'experimental phase' is officially over. Just don't expect them to use the word 'degen' in any press releases.

High interest rates can boost Fidelity’s activities

Stablecoin issuers are achieving a double effect by launching new assets. For one, they can have a controllable source of liquidity to be used within the crypto ecosystem. 

Since the Genius Act allows for T-bill backing, issuers can also retain the earnings from holding highly predictable US treasuries. Most stablecoin issuers retain the interest for themselves, rarely sharing the funds with token holders. 

FIDD will be used for on-chain payments, as well as institutional settlement. The token will be redeemable for USD by its issuer, with the potential for being added to other on-chain products. 

Fidelity is already experienced with digital asset structure, and is the only ETF issuer that offers proprietary custodian services. 

Fidelity already tokenizes US treasuries

Fidelity already has experience with Ethereum as a tokenization platform. Even before the launch of its stablecoin, Fidelity created a product based on US treasuries. 

The Fidelity Digital Interest Token holds over $161M in assets under management. The token was launched in September 2025 and reached a peak value locked of over $264M. In the past month, the token lost around 32% of its value locked through redemptions.

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