Data: Fidelity's tokenized fund based on Ethereum has surpassed $250 million, with a monthly growth of 15%

According to a report by The Defiant, Fidelity's tokenized U.S. Treasury fund based on Ethereum has grown by 15% in the past month, surpassing $250 million in size.

The report states that 2025 is the year of RWA, and the total on-chain value of RWA has now exceeded $36 billion, more than doubling since the beginning of this year. This market consists of tokenized U.S. Treasuries, bonds, and private credit.

Among these, private credit accounts for more than half of the industry's market value, reaching $18.7 billion. In terms of the tokenization of these assets, Ethereum dominates, holding $11.6 billion in risk-weighted assets (RWA), which accounts for over 63.7% of the industry's total.