We demonstrate a passively mode-locked Tm-doped silica fiber laser with 535-MHz fundamental repetition rate by employing a semiconductor saturable absorber mirror. With in-band pumping at 1590 nm, the stable mode-locked fiber laser produces up to 50 mW at an incident pump power of 558 mW. The laser operating at 1938 nm has a spectral bandwidth of 0.72 nm. After amplification, the laser pulse width is measured to be ∼7.9 ps, and the time-bandwidth product is ∼0.46.Index Terms-High repetition rate, mode-locking, Tm-doped silica fiber laser.