Fidelity International Launches Tokenized Fund
Fidelity International, a global asset manager overseeing around $1 trillion in client assets, has introduced a tokenized liquidity fund that received an assessment from Moody’s Ratings. The new fund, called the Fidelity USD Digital Liquidity Fund (FILQ), is built on blockchain infrastructure linked to Chainlink and launched through Sygnum Bank’s tokenization platform. According to Sygnum, the fund earned a AAA-mf rating from Moody’s, which is typically used for money market funds and signals strong credit quality and liquidity.
Fatmire Bekiri, Sygnum’s head of tokenization, said this marks an important step for capital markets, noting that tokenized liquidity products can bring high-quality, yield-bearing assets onchain in a regulated and scalable way.
Chainlink Expands Role in Real-World Assets
Fidelity International’s FILQ adds to Chainlink’s growing involvement in tokenized real-world assets (RWAs). Chainlink focuses on connecting blockchain applications with external data that isn’t available natively onchain. As part of this collaboration, Chainlink will provide onchain net asset value (NAV) and distribution data for the fund, allowing international investors to track the fund’s value and payouts in near real time.
Fernando Vazquez, president of capital markets at Chainlink Labs, said using Chainlink’s platform for verifiable NAV and distribution metrics gives FILQ the transparency needed to bridge traditional finance with the onchain economy. JPMorgan will supply approved daily NAV data for the fund.
Tokenized Funds Expand Across Markets
The launch comes as more large asset managers move traditional cash and treasury products onto blockchain networks. Firms like BlackRock and Franklin Templeton have already introduced tokenized money market funds aimed at bringing short-term yield products onchain. Just this week, JPMorgan filed with U.S. securities regulators to launch a tokenized money market fund on Ethereum. Separately, Boston-based Fidelity Investments also issued the Fidelity Digital Interest Token (FDIT), a tokenized money market fund where Ondo Finance’s OUSG fund acts as the primary anchor investor and holds most of its assets.
