Fidelity International, a Bermuda-based asset manager overseeing approximately $1 trillion in client assets, has launched a tokenized liquidity fund that has received a AAAmf assessment from Moody’s Ratings. The Fidelity USD Digital Liquidity Fund (FILQ) is built on blockchain infrastructure provided by Chainlink and issued through Sygnum Bank’s tokenization platform, with JPMorgan supplying daily net asset value (NAV) data for pricing.
Details of the FILQ launch
According to Sygnum, the FILQ fund’s AAAmf rating from Moody’s is a designation typically reserved for money market funds that demonstrate strong credit quality and high liquidity. Fatmire Bekiri, Sygnum’s head of tokenization, described the launch as an important milestone in capital markets evolution, highlighting how tokenized liquidity products can bring high-quality, yield-bearing assets on-chain in a regulated and scalable manner.
Cointelegraph reached out to Fidelity International for comment but did not receive a response at the time of publication. Keep in mind that Bermuda-based Fidelity International and US-based Fidelity Investments are separate entities operating in different jurisdictions through their respective subsidiaries and affiliates.
Chainlink’s expanding role in real-world assets
The FILQ fund adds to Chainlink’s growing footprint in the tokenized real-world asset (RWA) sector. Chainlink’s platform is designed to connect blockchain applications with external data that cannot be accessed natively on-chain, such as financial market data. As part of this collaboration, Chainlink will provide on-chain NAV and distribution data for the fund, enabling international investors to track fund value and payouts in near real time.
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Fernando Vazquez, president of capital markets at Chainlink Labs, emphasized that using Chainlink’s platform to deliver verifiable, real-time NAV and distribution metrics provides the tamper-proof transparency needed to securely bridge traditional finance with the on-chain economy. JPMorgan will provide the approved daily NAV data for the fund, Chainlink confirmed.
This is not the first collaboration between Chainlink, Sygnum, and Fidelity International. In 2024, the three entities worked together on on-chain NAV data integration for Fidelity’s Institutional Liquidity Fund, marking an earlier production use case for tokenized assets.
Broader market context for tokenized funds
The launch of FILQ comes as major asset managers increasingly move traditional cash and treasury products onto blockchain networks. Firms such as BlackRock and Franklin Templeton have already debuted tokenized money market funds aimed at bringing short-term yield products on-chain. On Tuesday, JPMorgan filed with US securities regulators to launch a tokenized money market fund on Ethereum, which would allow stablecoin issuers to hold reserves backing their stablecoins.
Boston-based Fidelity Investments also previously issued the Fidelity Digital Interest Token (FDIT), a tokenized money market fund in which Ondo Finance’s OUSG fund serves as the primary anchor investor and accounts for the vast majority of its assets.
Conclusion
Fidelity International’s FILQ fund represents a significant step in the convergence of traditional finance and blockchain technology. By combining a Moody’s-rated product with Chainlink’s oracle infrastructure and JPMorgan’s NAV data, the fund demonstrates how institutional-grade assets can be tokenized while maintaining regulatory compliance and transparency. As more asset managers follow suit, the tokenized fund market is likely to continue expanding, offering investors new ways to access yield-bearing products on-chain.
FAQs
Q1: What is the Fidelity USD Digital Liquidity Fund (FILQ)?
FILQ is a tokenized liquidity fund launched by Fidelity International on Sygnum Bank’s tokenization platform, using Chainlink infrastructure. It has received a AAAmf assessment from Moody’s Ratings, indicating strong credit quality and liquidity.
Q2: How does Chainlink support the FILQ fund?
Chainlink provides on-chain net asset value (NAV) and distribution data for the fund, allowing investors to track fund value and payouts in near real time. JPMorgan supplies the daily NAV data.
Q3: Why is this launch significant for the tokenized asset market?
This launch is significant because it combines a major asset manager, a Moody’s-rated product, and established blockchain infrastructure, demonstrating how regulated, scalable tokenized liquidity products can be brought to market. It adds to a growing trend of traditional financial institutions moving cash and treasury products onto blockchain networks.
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