Fidelity Digital Interest Token
FDIT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
FDIT (Fidelity Digital Interest Token) represents tokenized shares of the SEC-registered Fidelity Treasury Digital Fund (FYOXX), offering a stable $1.00 NAV backed by U.S. Treasuries and cash. The project benefits from top-tier institutional backing by Fidelity Investments, asset custody via BNY Mellon, and a completely clean security and incident history with zero hacks, exploits, depegs, or regulatory enforcement actions. However, FDIT is an institutional, permissioned real-world asset (RWA) product rather than an open DeFi protocol. Consequently, it scores low in community support (1.0/10) and active development visibility (3.5/10), characterized by zero retail community engagement, whitelist-restricted transfers, an extreme holder concentration (dominated >99% by Ondo's OUSG), and no public third-party smart contract audit report. No qualifying red-flag events or data gaps were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Fidelity Digital Interest Token (FDIT)
Fidelity Digital Interest Token (FDIT) is a permissioned real-world asset (RWA) token representing tokenized shares of the Fidelity Treasury Digital Fund (FYOXX) on the Ethereum blockchain. Issued through Fidelity Distributors Company LLC and managed by Fidelity Management & Research Company LLC, the token provides institutional and accredited investors with on-chain exposure to a money market fund backed by U.S. Treasury securities and cash equivalents. The fund operates under a bankruptcy-remote structure registered with the U.S. Securities and Exchange Commission (SEC) under Form N-1A, with off-chain asset custody provided by BNY Mellon.
FDIT maintains a stable net asset value (NAV) targeted at $1.00 per share. The token utilizes an elastic supply mechanism where tokens are minted upon subscription and burned upon redemption in alignment with the underlying fund's assets under management. Yield generated by the underlying Treasury holdings is distributed via a rebasing mechanism. The fund carries a management fee between 0.20% and 0.25%, with no performance fees. Transfers of FDIT are restricted to institutional participants who have completed know-your-customer (KYC) and anti-money laundering (AML) whitelisting.
FDIT has maintained a clean operational record with no reported hacks, exploits, smart contract depegs, or regulatory enforcement actions. However, the asset exhibits specific structural limitations, including a lack of public third-party smart contract audit reports and administrative controls that are not publicly documented in detail. The token also has extreme holder concentration, with over 99% of its total assets held by Ondo Finance's OUSG across only three total holder addresses, and features zero public exchange trading volume and no decentralized governance mechanism.