- Fidelity International launched FILQ tokenized fund via Chainlink to give institutions tokenized access to yield from government securities.
- Chainlink will publish FILQ’s NAV data on-chain, while Sygnum provides tokenization infrastructure on Ethereum.
Fidelity International has launched its first tokenized fund, bringing a major institutional liquidity product onto blockchain rails through Chainlink and Sygnum. The new Fidelity USD Digital Liquidity Fund, known as FILQ, gives eligible institutions access to a yield-bearing dollar fund built for digital asset markets that run around the clock.
Moody’s Ratings assigned FILQ a top-tier Aaa-mf rating on Wednesday. The rating places the fund among the highest-rated money market products in its category. FILQ follows the same investment strategy as Fidelity International’s existing Irish-domiciled low-volatility net asset value fund, which holds nearly $7 billion in assets under management.
The product gives institutions exposure to highly rated government securities while keeping the fund usable across onchain workflows. Fidelity International designed FILQ for investors who need cash management, settlement access, and yield in digital asset markets.
Sygnum provides the tokenization infrastructure behind FILQ through its Desygnate platform. The system supports an onchain fund registry and smart-contract-enabled settlement. Sygnum also handles Know Your Customer and Anti-Money Laundering checks for institutional clients that want to subscribe, hold, or redeem fund tokens.
FILQ tokens use the ERC-20 standard on Ethereum. Investors can subscribe to or redeem from the fund through stablecoin settlement under a waterfall liquidity structure.
Chainlink Brings NAV Data On-chain
Chainlink plays a central role in the fund’s data structure. It will publish FILQ’s net asset value and distribution data onchain, while JPMorgan supplies approved daily NAV data. This gives investors a blockchain-based view of fund pricing while preserving the role of regulated financial data providers.
LIVE: Fidelity International, a global asset manager with $1+ trillion total client assets, launches its first tokenized fund FILQ, powered by Chainlink.
Through onchain NAV, Chainlink is enabling Fidelity International to bring regulated yield-bearing liquidity into 24/7… pic.twitter.com/UOvs52neCR
— Chainlink (@chainlink) May 13, 2026
The setup also connects traditional fund administration with digital asset infrastructure. FILQ gives institutions a clearer way to monitor those tokenized workflows. Fidelity International acts as the fund’s asset manager and issuer. Sygnum powers tokenization and client access, while Chainlink handles onchain data delivery. JPMorgan provides the approved daily pricing data that feeds into the process. Each party handles a separate part of the fund’s operating structure.
Sygnum describes FILQ as a tokenized liquidity fund that provides exposure to yield from regulated government securities. Stablecoins focus mainly on price stability and settlement. FILQ combines fund exposure with tokenized access, making it closer to a money market fund delivered through blockchain infrastructure.
The product supports both accumulating and distributing token classes. In the distributing structure, tokens follow a constant net asset value of one token to one U.S. dollar, with monthly dividend payments. In the accumulating structure, yield accrues within the token value over time.
Fidelity International’s launch comes as large asset managers push deeper into tokenized funds. BlackRock’s BUIDL fund has grown into the largest tokenized money market fund, while Franklin Templeton and other firms continue to expand blockchain-based cash management products. Moody’s also assigned a top rating to BlackRock’s BUIDL fund on the same day.
Fidelity International is now among the major financial firms testing regulated liquidity products for onchain markets. The firm manages more than $1 trillion in client assets globally, and FILQ extends part of its cash management model into tokenized finance.
