Fidelity International, a global asset manager with approximately $1 trillion in client assets, has launched a tokenized liquidity fund rated by Moody’s Ratings.
The new Fidelity USD Digital Liquidity Fund (FILQ) is issued on a blockchain infrastructure linked to Chainlink and was launched via Sygnum Bank’s tokenization platform.
According to Sygnum, the fund has received a AAA-MF rating from Moody’s Ratings, a designation used for money market funds that indicates 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 to the chain in a regulated and scalable manner,” said Fatmire Bekiri, head of tokenization at Sygnum.
Cointelegraph approached Fidelity International for comment on the news but did not receive a response by time of publication. Bermuda-based Fidelity International and US-based Fidelity Investments are separate companies that operate in different jurisdictions through their subsidiaries and affiliates.
Chainlink expands role in real-world assets
Fidelity International’s FILQ adds to Chainlink’s growing presence in the tokenized real-world asset (RWA) sector, as the platform focuses on connecting blockchain applications to external real-world data that is not natively accessible onchain.
As part of the partnership, Chainlink will provide onchain net asset value (NAV) and distribution data for the fund, allowing global investors to track fund value and payouts in near real-time.
Source: Chain link
“By using Chainlink’s industry-standard platform to deliver verifiable, real-time NAV and distribution metrics, FILQ leverages the tamper-proof transparency needed to securely bridge traditional finance and the onchain economy,” said Fernando Vazquez, president of capital markets at Chainlink Labs.
JPMorgan will provide approved daily NAV data for the fund, Chainlink said.
Chainlink previously partnered with both Sygnum Bank and Fidelity International for onchain NAV data integration in 2024, marking an earlier production use case for tokenized assets linked to the latter’s Institutional Liquidity Fund.
Tokenized funds are expanding across markets
The launch comes as major asset managers continue to move traditional cash and treasury products to blockchain networks. Companies from BlackRock to Franklin Templeton have already launched tokenized money market funds aimed at bringing short-term return 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 to back their stablecoins.
Boston, Massachusetts-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 main anchor investor and is responsible for the vast majority of its assets.