Fidelity Treasury Digital Fund - OnChain Class (Fidelity Digital Interest Token)

Overview

The OnChain class is a share class of an SEC-registered Fidelity government money market fund whose share ownership is also recorded on Ethereum. The fund holds cash and US Treasury securities. The transfer agent's book-entry record remains the official register, with the blockchain acting as a secondary record reconciled at least daily.

Cash and US Treasury securities (at least 80% Treasuries); 100% US Treasury bills as of 2026-08-31; WAM 20 days

Product structure

Legal wrapper

US open-end management investment company (money market fund under Rule 2a-7); series of a Delaware statutory trust

Domicile

United States

Regulatory status

Registered with the SEC under the Investment Company Act of 1940 (Fidelity Hereford Street Trust, CIK 917286)

Asset segregation

Investors hold shares of a registered investment company series; fund assets held by a third-party custodian under 1940 Act rules

Custodian

The Bank of New York Mellon (per rwa.xyz)

Fund administrator

Fidelity Service Company (per rwa.xyz)

Auditor

PricewaterhouseCoopers LLP

Transfer agent

Fidelity Investments Institutional Operations Company (per rwa.xyz); transfer agent's book-entry record is the official ownership record, blockchain is a secondary record

Tokenization agent

Unverified

Proof of reserve

None identified; monthly/annual attestations referenced by DefiLlama

Redemption & liquidity

Redemption terms

Daily at NAV on business days during normal business hours (when NYSE/Federal Reserve Bank of New York and primary markets are open)

Secondary liquidity

Transfers only between allowlisted wallets; no public secondary market identified

Yield mechanism

Stable USD 1.00 NAV money market fund; income accrues as dividends

Fees

Management fee 0.25%; total annual operating expenses 0.25%; fee waiver 0.05%; net expense ratio 0.20%. Adviser currently covers blockchain transaction fees.

On-chain information

Ethereum

Token standard

ERC-20

Transfer restrictions

Permissioned; KYC required to mint/redeem; holding and transfer restricted to allowlisted wallets

Contract addresses: unverified

Notes & material events

AUM is OnChain class net assets per Fidelity fact sheet; total fund portfolio assets USD 51.39M same date. rwa.xyz shows token supply ~USD 19.4M (down 55% over 30 days) and 3 holders (holders figure dated ~2026-09-30). Ondo's OUSG was reported as the anchor holder (>99% of FDIT assets at the September 2025 public announcement). Fund commenced 2024-12-23 (Liquidity class FYHXX).

Revision history

No published revisions.