Fidelity Tops $200M AUM With Ethereum Money Fund
Fidelity’s Ethereum-tokenized money market fund has crossed a major threshold, exceeding $200 million in supply and maintaining assets under management above that level since roughly September 1, according to data from Token Terminal. The jump to—and stability above—the $200M mark underscores growing institutional confidence in tokenized cash-management products and places Fidelity further into view as a traditional finance giant now operating in crypto; the firm manages roughly $6.4 trillion in total assets.
Fidelity’s Ethereum-tokenized money market fund has exceeded $200 million in supply and has maintained AUM above that level since roughly September 1, per Token Terminal.
The move to tokenize a money market vehicle on Ethereum reflects rising institutional interest in digital-native versions of familiar financial instruments. By launching on Ethereum, Fidelity aims to deliver institutional-grade functionality: faster, near real-time settlement, broader investor access through token standards, and more transparent on-chain auditability — all while pursuing the regulatory compliance required of a large asset manager.
Key institutional benefits highlighted for the Ethereum deployment include:
- Faster, near real-time settlement
- Broader investor access via token standards
- Enhanced transparency through on-chain auditability
- Regulatory compliance consistent with a major asset manager
Ethereum’s attributes — mature smart contract capabilities, deep on-chain liquidity, and a proven track record on security — are presented as key enablers for this product. Those features make Ethereum a logical backbone for tokenized TradFi offerings that need both programmability and robust market depth to scale.
This milestone could signal accelerating institutional integration of tokenized products across DeFi and blockchain rails in the months ahead, as traditional asset managers expand crypto-native services alongside legacy offerings.
