Fidelity International has entered the tokenized funds market with a new Tokenized Liquidity Fund built with Sygnum and Chainlink. The launch brings regulated cash products closer to blockchain rails. It also shows how major asset managers now test on-chain access for traditional liquidity tools.
Fidelity International launched the Fidelity USD Digital Liquidity Fund, known as FILQ, through Sygnum Bank’s tokenization platform. The Tokenized Liquidity Fund received a AAA-mf assessment from Moody’s Ratings. That rating signals strong credit quality and liquidity standards for money market-style products.

The product adds blockchain access to a regulated liquidity structure. It also gives the asset manager a direct presence in the expanding tokenized fund market. Fidelity International manages about $1 trillion in client assets across global markets.
Sygnum’s Desygnate platform powers the issuance and tokenization process. The platform supports regulated investment products that can operate across digital asset infrastructure. Therefore, the Tokenized Liquidity Fund links traditional fund controls with always-on blockchain settlement features.
Chainlink will support the fund by providing on-chain net asset value and distribution data. This setup helps market participants track fund value and payouts in near real time. It also strengthens transparency for the Tokenized Liquidity Fund without changing the fund’s core structure.
JPMorgan will provide approved daily NAV data for the product. Chainlink will then help deliver that data through blockchain infrastructure. As a result, FILQ can connect trusted fund information with tokenized markets.
The partnership also builds on earlier work among Fidelity International, Sygnum, and Chainlink. In 2024, the firms worked on on-chain NAV data for tokenized assets. Hence, the new Tokenized Liquidity Fund extends that earlier use case into a live liquidity product.
The launch comes as tokenized treasury and money market products approach $15 billion in assets. Large asset managers, exchanges, stablecoin issuers, and DeFi protocols have helped drive that growth. This trend gives the Tokenized Liquidity Fund a clear market backdrop.
BlackRock and Franklin Templeton have already launched tokenized money market products. JPMorgan has also filed to launch a tokenized money market fund on Ethereum. These moves show rising demand for short-term yield products on blockchain networks.
Fidelity International’s FILQ adds another large global name to this market. The Tokenized Liquidity Fund combines Moody’s assessment, Sygnum’s platform, Chainlink data, and JPMorgan NAV inputs. Therefore, the launch marks a practical step for regulated liquidity products on-chain.
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