Fidelity International Launches Tokenised Fund With Moody’s AAA Rating

Fidelity International has entered the tokenised finance sector with the launch of the Fidelity USD Digital Liquidity Fund (FILQ), a blockchain-based liquidity vehicle developed through Sygnum Bank’s tokenisation platform. The fund, which is connected to Chainlink infrastructure, has been awarded a AAA-mf rating from Moody’s Ratings, reflecting high liquidity and strong credit quality. 

The asset manager, which oversees roughly US$1 trillion (AU$1.4 trillion) in client assets, said FILQ is designed to deliver regulated on-chain liquidity products backed by high-quality government securities and asset-backed commercial paper. The fund also enables institutional investors to access near-instant settlement and continuous subscription and redemption services through Sygnum’s platform.

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Real-Time NAV Data Moves On-Chain 

As part of the arrangement, Chainlink will provide real-time on-chain NAV and distribution information for FILQ. JPMorgan is supplying approved daily NAV data to support pricing and reporting functions. Chainlink Labs president of capital markets Fernando Vazquez said the platform provides the transparency needed to connect traditional financial systems with blockchain markets.

Fidelity International head of digital assets distribution Emma Pecenicic said tokenised liquidity is becoming increasingly important as financial markets move towards real-time settlement infrastructure. She said tokenisation should be viewed as a long-term structural development across capital markets.

Sygnum’s head of tokenisation, Fatmire Bekiri, said the launch demonstrates how tokenised liquidity products can provide scalable and regulated yield-bearing assets on-chain.

Related: JPMorgan Brings Wall Street to Ethereum With New Tokenised Treasury Fund