Chainlink Powers First Ever Tokenized Fund For $1t Fidelity International

Fidelity International Enters On-Chain Fund Market

Fidelity International has officially launched the Fidelity USD Digital Liquidity Fund (FILQ), marking the asset manager's first foray into tokenized funds and opening the door to round-the-clock institutional access. The fund is designed to enable 24/7 subscriptions for institutional investors, removing the constraints of traditional market hours and settlement windows.

According to CoinGecko, FILQ is issued and administered on-chain using Sygnum's Desygnate tokenization platform, and is designed to provide continuous access to yield-bearing U.S. dollar liquidity for digital-native markets. The fund has received an AAA-mf assessment from Moody's.

The launch builds on a partnership between Fidelity International and @Sygnumofficial that dates back to 2024, when the two firms first collaborated with @chainlink to bring Net Asset Value (NAV) data on-chain. That earlier project covered Fidelity International's $6.9 billion Institutional Liquidity Fund and was described at the time as a landmark production use case for tokenized assets.

Chainlink and J.P. Morgan Provide the Data Infrastructure

For FILQ, @chainlink is responsible for delivering secure on-chain NAV and distribution data, giving investors real-time transparency into the fund's value. @Jpmorgan serves as the provider for approved daily NAV data, adding a layer of institutional credibility to the on-chain data pipeline.

Stablecoin settlement underpins the fund's operational model, enabling frictionless on-chain workflows across global time zones. The structure reflects a broader push by traditional financial institutions to meet the demands of blockchain-native investors without sacrificing regulatory standards.

The move is significant given Fidelity International's scale as a global asset manager. It also reinforces @chainlink's growing role as infrastructure for the tokenized asset economy, with its technology already deployed across major institutions including BNY Mellon, Citi, and BNP Paribas.

Sergey Nazarov, co-founder of Chainlink, has previously described fund tokenization as "likely the largest digital asset trend happening today," adding that global asset managers entering this market is a strong signal of where the industry is heading.

Sources:
Sygnum Bank: Sygnum and Fidelity International Partner With Chainlink To Provide Fund NAV Data Onchain
CoinGecko: Fidelity USD Digital Liquidity Fund (FILQ) Overview
The Defiant: Chainlink Powers NAV Data For Sygnum's On-Chain Fidelity Fund