Fidelity International has become the latest financial giant to enter an increasingly crowded asset tokenization space, debuting the Fidelity USD Digital Liquidity Fund (FILQ) targeted at non-US institutions.
Fidelity International Offers First Tokenized Fund, Joins Onchain Expansion
14 May 2026 - 09:01 CEST
Institutional liquidity moves onchain
The first tokenized fund from Fidelity International, the independent global investment arm of Boston-based Fidelity Investments, was rated AAA-mf by Moody's, the top designation for money market funds.
It uses Sygnum's Desygnate platform and Chainlink infrastructure, a 13 May statement said. The Swiss crypto bank provides access to the cash layer of onchain capital markets, allowing users to invest in regulated government securities with near-instant on-chain settlement, accessible 24/7, according to RWA.xyz.
“With this product, we are bringing together liquidity with digiftal‑native infrastructure, working with partners such as Sygnum to deliver institutional‑grade, yield‑bearing US dollar liquidity designed for markets that operate around the clock,” said Emma Pecenicic, head of digital assets distribution at Fidelity International, which manages more than $1tn.
Traditional finance deepens tokenization push
Tokenized funds have attracted growing institutional interest, with financial titans including JPMorgan, BlackRock and digital first-mover Franklin Templeton all offering onchain versions of traditional funds. Earlier this week, JPMorgan filed for its second tokenized money market fund on Ethereum, targeting stablecoin issuers seeking compliant reserve assets under the US GENIUS Act.
