Fidelity International, which manages nearly $1 trillion in assets globally, has introduced a tokenized liquidity fund rated by Moody’s Ratings. This new product, called the Fidelity USD Digital Liquidity Fund (FILQ), was issued on the Chainlink blockchain infrastructure via the Sygnum Bank tokenization platform. This is reported by Cointelegraph.com reports .
According to Sygnum, the fund has been awarded an AAA-mf rating by Moody’s Ratings. This indicator signifies high credit quality and liquidity for money market funds. Fatmire Bekiri, Head of Tokenization at Sygnum, emphasized that this step is a significant milestone in the evolution of capital markets and that tokenized products effectively bridge the traditional financial system with blockchain.
As part of the collaboration, Chainlink provides the fund's Net Asset Value (NAV) and distribution data on-chain. This allows international investors to track fund value and payments in real time. Additionally, JPMorgan participates as a partner providing verified daily NAV data for the fund.
This initiative strengthens the trend of major asset management companies migrating traditional cash and treasury products to blockchain networks. Previously, financial giants such as BlackRock and Franklin Templeton had also launched their own tokenized money market funds.
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