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Fidelity Launches Tokenized Fund FDIT with Ondo Finance as Lead Investor

According to the announcement, Fidelity introduced its tokenized fund FDIT, where Ondo Finance’s OUSG has emerged as the largest investor, marking a significant institutional move into blockchain-based financial products.

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OUSG

Summary

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Terms & Concepts
  • Tokenized Fund: An investment fund represented on a blockchain through digital tokens, allowing for fractional ownership and easier transferability.
  • FDIT: A newly launched tokenized fund by Fidelity, designed to provide blockchain-based investment exposure.
  • OUSG: Ondo Finance’s tokenized product, which has become the largest investor in Fidelity’s FDIT fund.