Fidelity® to Oversee Coin Issuance and Management of Reserves, Leaning on Asset Management Heritage and Digital Asset Expertise
Eligible Customers Can Purchase or Redeem FIDD Tokens from Fidelity® for One U.S. Dollar
BOSTON, January 28, 2026 – Fidelity Investments® is set to launch its first stablecoin, Fidelity Digital Dollar (FIDD), which will be issued by Fidelity Digital Assets, National Association, and available for retail and institutional investors in the coming weeks.
“At Fidelity, we have a long-standing belief in the transformative power of the digital assets ecosystem and have spent years researching and advocating for the benefits of stablecoins,” said Mike O’Reilly, President of Fidelity Digital Assets®. “As a leading asset manager and a digital assets pioneer, Fidelity is uniquely positioned to provide investors with on-chain utility via a digital dollar.”
FIDD will seek to provide investors with a stable digital dollar that combines the benefits of digital assets and blockchain technology with the stability and reliability of the U.S. dollar. FIDD will be backed by the stringent operational standards of Fidelity Digital Assets®, which delivers institutional-grade security and is built upon more than a decade of research and development in the digital assets space. FIDD’s key functions will be supported by Fidelity Investments businesses, offering investors a full-service stablecoin model, including:
- Reserve asset management, conducted by Fidelity Management & Research Company LLC, and leveraging Fidelity’s longstanding asset management expertise.
- Purchase and redemption options that will permit customers to buy or sell FIDD for $1 on the Fidelity Digital Assets®, Fidelity Crypto®, and Fidelity Crypto® for Wealth Managers platforms. FIDD will also be available for purchase on major exchanges where FIDD is listed, and holders may transfer FIDD to any1 Ethereum mainnet address.
- Coin issuance, including FIDD’s circulating supply and reserve net asset value, will be disclosed as of the close of every business day on www.fidelity.com.
With the current stablecoin market cap at more than $316 billion2 and a U.S. regulatory framework now in place, Fidelity is one of the first traditional financial institutions to issue its own digital dollar.
“The recent passage of the GENIUS Act was a significant milestone for the industry in providing clear regulatory guardrails for payment stablecoins,” continued O’Reilly. “We’re thrilled to launch a fiat-backed stablecoin at a time of increasing regulatory clarity to better support our customers’ needs, provide choice in the marketplace, and enable continued progress towards a more efficient financial system.”
Digital Assets at Fidelity Investments
As a firm, Fidelity has been working since 2014 to develop a digital assets ecosystem with infrastructure, products, and services comparable to the solutions it provides for traditional asset classes, including research, trading, custody, and investment products. Fidelity has long been committed to providing choice and offering options to meet the changing needs and interests of customers, accompanied by education and support. To date, Fidelity offers a broad composition of digital assets products and solutions for intermediaries, institutions, and retail investors.
To learn more about stablecoins, read the latest research* from Fidelity Digital Assets®.
*You are leaving this site for a site supported by Fidelity Digital Assets®. Fidelity Digital Assets® is solely responsible for the information and services it provides via its website. Review the site’s Terms of Use and Privacy Policy.
About Fidelity Investments
Fidelity’s goal is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve. Fidelity’s strength comes from the scale of our diversified, market-leading financial services businesses that serve individuals, families, employers, wealth management firms, and institutions. With assets under administration of $17.5 trillion, including discretionary assets of $6.8 trillion as of September 30, 2025, we focus on meeting the unique needs of a broad and growing customer base. Privately held for 79 years, Fidelity employs more than 78,000 associates across the United States, Ireland, and India. For more information about Fidelity Investments, visit https://about.fidelity.com/.
About Fidelity Digital Assets
A subsidiary of Fidelity Investments, Fidelity Digital Assets® provides an institutional-grade digital asset experience that incorporates the history, principles, and expertise of a traditional financial institution. The business is uniquely built for institutional investors and offers secure custody, integrated trading, and 24/7 support in the digital asset ecosystem. Established in 2018 and launched in 2019, Fidelity Digital Assets develops products and solutions that scale with investors’ needs, allowing clients to navigate digital assets with confidence. Learn more at www.fidelitydigitalassets.com.