Fidelity International, a global asset manager overseeing approximately $1 trillion in client assets, has launched a tokenized liquidity fund on blockchain infrastructure integrated with Chainlink. The new Fidelity USD Digital Liquidity Fund (FILQ) was issued via Sygnum Bank’s tokenization platform and received a AAA-mmf assessment from Moody’s Ratings, a designation used for money market funds signaling strong credit quality and liquidity.
This marks an important milestone in the evolution of capital markets, demonstrating how tokenized liquidity products can bring high-quality, yield-bearing liquidity on-chain in a regulated এবং scalable way,” said Fatmire Bekiri, Sygnum’s head of tokenization.
Chainlink expands role in real-world asset tokenization. Fidelity International’s FILQ adds to Chainlink’s growing presence in the tokenized real-world asset (RWA) sector, as the platform is focused on connecting blockchain applications with external real-world data that cannot be accessed natively onchain.
As part of the collaboration, Chainlink will provide onchain net asset value (NAV) and distribution data for the fund, allowing international investors to track fund value and payouts in near-real time. “By adopting Chainlink’s industry-standard platform to deliver verifiable এবং real-time NAV and distribution metrics, FILQ utilizes the tamper-proof transparency required to securely bridge traditional finance with the onchain economy,” said Fernando Vazquez, president of capital markets at Chainlink Labs.
JPMorgan will provide approved daily NAV data for the fund, Chainlink mentioned.
Chainlink previously collaborated with both Sygnum Bank and Fidelity International for onchain NAV data integration in 2024, marking an earlier production use case for tokenized assets tied to the latter’s Institutional Liquidity Fund.
The launch comes as large asset managers continue moving traditional cash and treasury products onto blockchain networks. BlackRock and Franklin Templeton have already debuted tokenized money market funds aimed at bringing short-term yield products onchain.
On Tuesday, JPMorgan filed with the US securities regulator to launch a tokenized money market fund on Ethereum, allowing 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.
