Fidelity International, a global asset manager with approximately $1 trillion in client assets, has launched a tokenized liquidity fund assessed by Moody's Ratings.
The Fidelity USD Digital Liquidity Fund (FILQ) is issued on blockchain infrastructure linked to Chainlink and was launched through Sygnum Bank's tokenization platform.
According to Sygnum, the fund received a AAA-mf assessment from Moody's Ratings, a designation used for money market funds that signals 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 on-chain in a regulated and scalable way," said Fatmire Bekiri, Sygnum's head of tokenization.
Chainlink will provide onchain net asset value and distribution data for the fund, allowing international investors to track fund value and payouts in near real time.
"By adopting Chainlink's industry-standard platform to deliver verifiable, real-time NAV and distribution metrics, FILQ utilizes the tamper-proof transparency required to securely bridge traditional finance with the onchain economy," said Fernando Vazquez, president of capital markets at Chainlink Labs.
JPMorgan will provide approved daily NAV data for the fund.
The launch comes as large asset managers like BlackRock and Franklin Templeton continue moving traditional cash and treasury products onto blockchain networks.