TL;DR:
- Moody’s Rating: The new FILQ fund received an AAA-mf rating, the highest grade for money market funds.
- Network Infrastructure: The product uses Sygnum Bank’s Desygnate tokenization platform and the Chainlink oracle network.
- Asset Management: Fidelity International manages approximately $1 trillion in client assets globally.
Fidelity International has released its first digital liquidity fund, named Fidelity International USD Digital Liquidity Fund (FILQ). This financial vehicle was issued through Sygnum Bank’s blockchain infrastructure and integrates with the Chainlink network for operational data management.
The launch of FILQ occurs within a context of expansion for tokenized real-world assets (RWA). According to data provided by Sygnum, the fund operates under a permissioned model on the Ethereum network, where only approved wallets can perform transactions. The entity indicates that ownership records are maintained by a transfer agent, supported by smart contract-based controls.
Fidelity International launches its first Tokenised Product with @moodysratings AAA-mf assessment powered by Sygnum’s Desygnate platform.
“This marks an important milestone in the evolution of capital markets, demonstrating how tokenised liquidity products can bring… pic.twitter.com/o3zjMEfyqa
— Sygnum Bank (@sygnumofficial) May 13, 2026
Data transparency and the role of Chainlink
The technological integration allows the fund to provide Net Asset Value (NAV) and distribution data automatically. According to Chainlink’s report, JPMorgan is responsible for supplying the daily approved NAV data. This information is transmitted to the blockchain so that the fund’s value can be monitored in real time.
Fernando Vázquez, Head of Capital Markets at Chainlink Labs, noted that the platform seeks to offer the transparency necessary to connect traditional finance with the on-chain economy. According to company records, this launch follows a previous collaboration initiated in July 2024, when Fidelity International and Sygnum worked on integrating NAV data for the $6.9 billion Institutional Liquidity Fund.
The advancement of institutional tokenization
Fidelity International’s initiative is now part of the trend driven by other major asset managers. Entities such as BlackRock and Franklin Templeton have already introduced similar products on blockchain networks to offer short-term yields. Market data suggests that tokenized money market funds are approaching a value of $15 billion in assets under management at the close of the current quarter.
It is worth noting the operational distinction between the brand’s entities. Fidelity International, based in Bermuda, and the U.S.-based Fidelity Investments are independent companies operating in separate jurisdictions. While Fidelity Investments has previously issued the Fidelity Digital Interest Token (FDIT), FILQ represents Fidelity International’s strategic bet on the regulated digital liquidity ecosystem.
Access to this new fund is limited to qualified investors through the Sygnum platform. The project timeline indicates that subscription operations are managed through the Desygnate primary market, while asset custody is maintained off the bank’s balance sheet to ensure client protection according to current Swiss regulations.
