Fidelity International, a global asset manager overseeing roughly $1 trillion in client assets, has launched a tokenized liquidity vehicle that received a Moody’s assessment. The Fidelity USD Digital Liquidity Fund (FILQ) was issued using blockchain infrastructure integrated with Chainlink and was put into market via Sygnum Bank’s tokenization platform.
Sygnum reported that Moody’s assigned the fund a AAA-mf assessment, the rating category for money market funds that denotes very strong credit quality and liquidity. Sygnum’s head of tokenization, Fatmire Bekiri, described the launch as a milestone for capital markets, saying it demonstrates how high-quality, yield-producing liquidity can be delivered on-chain in a regulated, scalable manner.
Cointelegraph contacted Fidelity International for comment but had not received a response at the time of publication. Note that Bermuda-based Fidelity International and U.S.-based Fidelity Investments operate as separate companies in different jurisdictions.
Chainlink’s role and data services
FILQ further extends Chainlink’s participation in tokenizing real-world assets. Under the arrangement, Chainlink will publish on-chain net asset value (NAV) and distribution information for the fund so investors worldwide can monitor fund value and payouts near real time. Chainlink Labs’ president of capital markets, Fernando Vazquez, said the fund’s use of Chainlink’s platform brings verifiable, real-time NAV and distribution metrics that help bridge traditional finance and the on-chain economy with tamper-resistant transparency.
JPMorgan will supply the approved daily NAV used by the on-chain feed. The collaboration builds on an earlier 2024 integration in which Chainlink worked with Sygnum and Fidelity International to provide on-chain NAV data for a tokenized institutional liquidity product.
Broader trend toward tokenized money market products
The FILQ launch comes amid a broader move by large asset managers to place cash and short-term products on blockchain networks. Firms from BlackRock to Franklin Templeton have introduced tokenized money market funds aimed at bringing short-term yield instruments on-chain. Separately, JPMorgan has filed with U.S. regulators to offer a tokenized money market fund on Ethereum, a step intended in part to enable stablecoin issuers to hold on-chain reserves.
U.S.-based Fidelity Investments has also participated in tokenized money market initiatives: its Fidelity Digital Interest Token (FDIT) is a tokenized money market fund in which Ondo Finance’s OUSG fund serves as the primary anchor investor and represents most of the fund’s assets.
As large managers, banks and infrastructure providers continue experimenting with tokenization, projects like FILQ are being positioned as regulated, auditable bridges between conventional finance and decentralized, blockchain-based distribution and reporting. Readers are encouraged to verify details independently. This article follows Cointelegraph’s editorial standards aimed at independent, transparent reporting.