Fidelity explores wider access to its Ethereum tokenized money market fund

Fidelity is considering opening its Ethereum-based tokenized money market fund to a wider pool of investors. The firm may also add daily or intraday yield features to the product.

According to Cointelegraph, which reported the deliberations in early October 2026, the potential changes include broader eligibility and more frequent yield. For now, the tokenized funds are limited to professional and institutional investors. Fidelity is exploring ways to move beyond that group.

What Fidelity has already built

The exploration builds on two products that are already live. The first is the Fidelity Digital Interest Token (FDIT), which Fidelity Investments launched in September 2025.

FDIT works as an on-chain share class of a Treasury-focused fund. It had approximately $202 million minted early on, mainly anchored by Ondo Finance’s OUSG.

The second is the Fidelity USD Digital Liquidity Fund (FILQ). Fidelity International launched it on Ethereum on May 6, 2026, issuing it as an ERC-20 token through Sygnum’s Desygnate platform.

FILQ carries a Moody’s Aaa-mf rating, a traditional grade for money market fund credit quality. It uses Chainlink oracles, which feed off-chain data such as fund pricing onto the blockchain. The fund is modeled on a $7 billion traditional low-volatility NAV fund.

The entry ticket is not small. FILQ requires a minimum investment of $100,000, which keeps casual participants out by design.

FILQ supports 24/7 stablecoin settlement, while its net asset value is still calculated daily. It also offers both accumulating and distributing token classes. Accumulating tokens fold earnings back into the token’s value, while distributing tokens pay earnings out to holders.

The broader tokenized cash market

The tokenized liquidity segment has expanded sharply since 2024. Total tokenized US Treasuries and liquidity products have surpassed $15 billion, with Ethereum hosting most of that activity.

BlackRock runs its own tokenized fund, BUIDL, and JPMorgan has made similar moves into on-chain settlement and liquidity.

Fidelity’s two-track approach is notable. Fidelity Investments handles FDIT, while Fidelity International runs FILQ through Sygnum. The structure lets the broader Fidelity brand test different distribution channels and investor bases at the same time.

What this means

For Fidelity, broader access is a distribution question. A tokenized fund limited to professional investors with a $100,000 minimum serves a narrow slice of the market. Widening eligibility could bring in new participants, though the firm has not said who would qualify or under what terms.

For DeFi protocols and other on-chain products, the FDIT and OUSG relationship is a useful precedent. Tokenized funds are not just end products for investors. They are becoming plumbing that other platforms build on.

What to watch next is whether Fidelity formally announces revised eligibility criteria, a lower minimum, or a confirmed yield schedule. Also worth tracking is how FILQ and FDIT grow relative to the over $15 billion tokenized Treasury and liquidity market.