Ondo Anchors Fidelity’s FDIT Is Global Markets the Next RWA Hub?

Tatevik Avetisyan
By Tatevik Avetisyan 11 Min Read
Ondo Anchors Fidelity’s FDIT Is Global Markets the Next RWA Hub

On September 9, 2025, Fidelity launched the Fidelity Digital Interest Token (FDIT) on Ethereum, and Ondo Finance said its short-term U.S. Treasuries fund OUSG serves as the sole anchor and largest investor, representing over 99% of FDIT’s assets. Ondo also disclosed that OUSG now has more than $730 million in total value locked and supports instant subscriptions/redemptions, daily interest accrual, and multi-chain availability across Ethereum, Solana, Ripple, and Polygon.

Separately  about $202 million of FDIT had been minted on Ethereum in early September, citing on-chain data and Fidelity fund references. The report noted that Ondo is the key investor in the token and is using FDIT within OUSG’s reserves alongside other tokenized money market funds.

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Ondo said it previously migrated most OUSG reserves into BlackRock’s BUIDL and has since diversified the portfolio to include additional tokenized funds. The firm lists holdings across BlackRock’s BUIDL, Fidelity’s FDIT, Franklin Templeton’s BENJI, WisdomTree’s WTGXX, and Wellington/FundBridge ULTRA as part of OUSG’s collateral mix.

Context shows the tokenized U.S. Treasuries market has more than tripled in a year to roughly $7.5 billion, according to RWA.xyz figures cited by CoinDesk, as large asset managers expand on-chain product lines.

WisdomTree joins Ondo’s Global Markets Alliance

Ondo announced on September 9 that WisdomTree joined its Global Markets Alliance, highlighting the asset manager’s approximately $131 billion in AUM and its work in digital products. The membership was shared on Ondo’s official X account and amplified by industry coverage shortly after.

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WisdomTree Joins Ondo Global Markets Alliance. Source: X Ondo Finance
WisdomTree Joins Ondo Global Markets Alliance. Source: X OndoFinance

The move follows Ondo’s July update that the Alliance had already expanded to 25 members spanning exchanges, wallets, infrastructure firms, and protocols. Recent additions cited by Ondo include BNB Chain, Bitget Global, LayerZero, Euler, and MEXC, pointing to a broader distribution and liquidity network around tokenized securities.

WisdomTree also appears within OUSG’s collateral set via the WTGXX money market fund, alongside BlackRock, Fidelity, Franklin Templeton, and others—an inclusion Ondo framed as part of a deliberate effort to diversify sources of tokenized Treasuries inside OUSG.

Trust Wallet integration broadens distribution for tokenized securities

On September 3, Trust Wallet announced it will surface tokenized U.S. stocks and ETFs inside its self-custody app for 200 million+ users, starting on Ethereum and powered by Ondo’s tokenized assets. The release said users can discover, hold, and swap these tokens, which track the prices of leading equities and ETFs through smart contracts issued by third-party providers.

Trust Wallet noted the integration of 1inch Swap API to streamline transactions and emphasized regional restrictions, stating the tokens are not available for purchase or sale in the United States, the United Kingdom, or the European Union. The company positioned the rollout as a cross-chain initiative beginning with Ethereum.

Editorial coverage the same week summarized that Trust Wallet users will be able to hold and swap tokenized U.S. securities directly in-app, while Ondo Global Markets supplies the underlying tokenized exposure.

Meanwhile, Ondo said Global Markets is live for non-U.S. investors, offering tokenized versions of 100+ NYSE and Nasdaq stocks and ETFs at launch with plans to scale to over 1,000 by year-end (subject to restrictions). The firm listed support from major wallets, exchanges, custodians, and data providers, and described a structure designed to inherit liquidity from traditional markets.

By the numbers: OUSG and Global Markets footprint

Ondo’s latest disclosures place OUSG above $730 million in TVL with daily accruals, low fees, and multi-chain support. The fund’s role as the sole anchor for Fidelity’s new FDIT, combined with its integrations across multiple tokenized money market funds, positions OUSG as a primary on-chain collateral hub for short-duration Treasuries.

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The firm states OUSG enables instant, 24/7 subscriptions and redemptions and that it was the first to integrate BlackRock’s BUIDL into its infrastructure before broadening collateral sources. Those integrations now include Fidelity’s FDIT, which launched on September 9 on Ethereum.

In February, Ondo introduced Nexus, a liquidity initiative that diversifies OUSG backing across Franklin Templeton, WisdomTree, Wellington Management, and FundBridge Capital, and aims to enable shared redeemability of tokenized Treasuries to stablecoins across products.

For equities, Ondo’s Global Markets lists key mechanics such as daily third-party reserve verification, a Security Agent with a first-priority security interest over underlying assets for tokenholders’ benefit, and a model designed to inherit traditional-market liquidity to minimize price dislocations. The platform underscores 24/5 mint/redeem windows aligned with market hours and 24/7 transferability, with DeFi use cases supported via on-chain integrations.

ONDOUSD 4h chart shows a falling wedge breakout on Sep 10, 2025, with an implied move toward 1.58486

The ONDOUSD four hour chart from Coinbase, created on Sep 10, 2025 at 12:16 UTC, displays a falling wedge drawn from late July highs to early September lows, followed by a breakout on expanding volume. Price has pushed through the wedge’s upper trendline near 1.10 while holding above the 50 period EMA, which sits around 0.94. A falling wedge is a bullish pattern formed by two downward sloping, converging trendlines that signal waning selling pressure and set up a potential upside break.

ONDOUSD Four Hour Falling Wedge Breakout. Source: TradingView
ONDOUSD Four Hour Falling Wedge Breakout. Source: TradingView

The breakout candle prints alongside the day’s largest volume bar on the chart, which strengthens the validity of the move. Moreover, price reclaimed the 50 EMA before the breakout and used it as dynamic support during the right side of the pattern, which often precedes trend resumption. The nearest supply sits around the prior lower highs inside the wedge, but the decisive close outside the boundary indicates momentum has shifted to buyers.

Using the chart’s marked objective at 1.58486, the implied advance from the current price around 1.009 is approximately 57 percent, which aligns with the classic measured move logic that adds a portion of the wedge’s depth to the breakout level. If the breakout holds above the former resistance band near 1.05 to 1.10, the path toward the 1.58 objective remains open; if price falls back into the wedge with heavy volume, the signal weakens and the setup requires reassessment. As of the snapshot, the structure reads as confirmed, the 50 EMA trends upward underneath price, and volume support favors continuation toward the marked target.

ONDOUSD RSI Pushes Toward 70

The RSI chart for ONDOUSD (14-period, close) was created on Sep 10, 2025 at 12:23 UTC. It shows momentum pushing higher into the upper band. RSI prints 67.86 while the signal line sits near 63.34. Price-agnostic momentum turned up sharply from sub-40 readings earlier this week. Then it reclaimed the 50 midline on Sep 9 and held. Moreover, the slope of both the oscillator and its signal line now points up. This shift signals stronger upside pressure in the current four hour regime. Volatility remains elevated, yet momentum breadth has improved as swings spend more time above 50 than below.

ONDOUSD RSI Pushes Toward 70. Source: TradingView
ONDOUSD RSI Pushes Toward 70. Source: TradingView

However, the oscillator is approaching the standard overbought threshold at 70. Tags above 70 often appear during strong advances, yet quick reversions can follow if momentum fails to build. Therefore, watch how RSI behaves around 70. Sustained closes above it would confirm a high-momentum phase. Conversely, a rejection would imply a pause back toward the 50–55 zone, which now acts as momentum support. Meanwhile, the pattern of higher RSI lows since early September suggests a bullish “range shift” toward a 40–90 regime rather than a 20–80 one. As a result, pullbacks that hold above 45–50 would keep the momentum structure constructive. No bearish divergence is obvious on this snapshot; RSI highs and lows have been rising alongside the upturn in the signal line.

ONDOUSD 4h MACD turns decisively bullish on Sep 10, 2025

The MACD chart for ONDOUSD (12, 26, close; signal 9) was created on Sep 10, 2025 at 12:29 UTC. It shows the MACD line at 0.02439 above the signal line at 0.01556, with a positive histogram near 0.00884. Momentum has flipped higher and now expands above the zero line. The crossover formed after several sessions of rising green bars, which indicates acceleration rather than a one bar spike. Moreover, the move occurs while the histogram prints taller positives, so bulls control the immediate four hour momentum window. This configuration supports the earlier price breakout context and confirms that upside pressure dominates this timeframe.

ONDOUSD MACD Bullish Crossover 4h. Source: TradingView
ONDOUSD MACD Bullish Crossover 4h. Source: TradingView

However, momentum still needs to sustain above zero to avoid a whipsaw. Watch the histogram’s slope first; shrinking green bars would signal slowing thrust before any line cross. Even so, both the MACD and its signal line point up, which argues for trend persistence until a clear flattening appears. Therefore, the current read is constructive: a fresh bullish cross, a push above the zero line, and expanding histogram bars that validate strength rather than exhaustion.

Tatevik Crypto Journalist CoinChapter

Tatevik Avetisyan

Tatev Avetisyan is a Markets Writer and Analyst at CoinChapter, covering cryptocurrency markets, policy, and regulation. With over seven years of experience in business and marketing development, she has spent the past two years specializing in digital assets and has authored more than 2,000 articles on crypto markets and regulatory developments. She contributes as a guest writer to leading industry publications and is a prominent Web3 advocate in Armenia through Web3Armenia. Her work reflects a broader focus on artificial intelligence and Web3 technologies. Tatev maintains a diversified crypto portfolio, with Bitcoin as her primary holding above CoinChapter’s $1,000 disclosure threshold.