Fidelity
2 placements on ChainChoice under Fidelity, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.
Money-Market Funds
Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT)Rank#2 OverallScore77
#1 in this category: Spiko US T-Bills Money Market Fund (USTBL)
View verdictInstitutional Custody
Fidelity Digital AssetsRank#6 OverallScore68
#1 in this category: Gemini Custody
View verdictMoney-Market Funds
How you can lose money here, and what the ranking scores
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by Token as the share of record · 30% (Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) 3/10)Scored by Portfolio and liquidity rules · 20% (Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) 9/10)
- Regulatory failure (Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) 10/10): no licence where you are, or a forced market exit.Scored by Regulator and registration number · 28%
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Exit failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Published fee against fund yield (22%).
Institutional Custody
How you can lose money here, and what the ranking scores
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by If they fail, are the assets still mine — or am I queueing as an unsecured creditor? · 30% (Fidelity Digital Assets 7/10)Scored by Is the insurance number mine, and does it cover the wallet setup I'll actually run? · 20% (Fidelity Digital Assets 3/10)
- Regulatory failure (Fidelity Digital Assets 8/10): no licence where you are, or a forced market exit.Scored by Which legal entity actually takes my assets — and does its licence on the register say it may? · 35%
Not assessed by this ranking: Control failure, Liveness failure, Custody failure, Execution failure, Exit failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Can I find out what this costs before I'm inside their sales process? (15%).