•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Fidelity International has launched its first digital liquidity fund, the Fidelity International USD Digital Liquidity Fund (FILQ). The fund was issued using Sygnum Bank’s blockchain infrastructure and is integrated with the Chainlink network for operational data management.
FILQ is positioned within the broader expansion of tokenized real-world assets (RWA). Sygnum data indicates the fund operates on a permissioned model on the Ethereum network, where only approved wallets can execute transactions. Ownership records are maintained by a transfer agent, with smart contract-based controls supporting the process.
The launch also references Moody’s ratings of AAA-mf, powered by Sygnum’s Desygnate platform.
The technological setup is designed to automate key reporting, including Net Asset Value (NAV) and distribution data. Chainlink’s reporting states that JPMorgan provides the daily approved NAV data, which is then transmitted to the blockchain to enable real-time monitoring of the fund’s value.
Fernando Vázquez, Head of Capital Markets at Chainlink Labs, said the platform aims to provide the transparency needed to connect traditional finance with the on-chain economy. Chainlink also notes that this launch follows a prior collaboration that began in July 2024, when Fidelity International and Sygnum worked on integrating NAV data for the $6.9 billion Institutional Liquidity Fund.
FILQ is part of a wider push by major asset managers into tokenized products. BlackRock and Franklin Templeton have already introduced similar blockchain-based offerings focused on short-term yields. Market data cited in the article suggests tokenized money market funds are approaching $15 billion in assets under management by the close of the current quarter.
The article highlights that Fidelity International (based in Bermuda) and the U.S.-based Fidelity Investments are independent companies operating in separate jurisdictions. It notes that while Fidelity Investments has previously issued the Fidelity Digital Interest Token (FDIT), FILQ reflects Fidelity International’s strategy within a regulated digital liquidity ecosystem.
Access to FILQ is limited to qualified investors through the Sygnum platform. Subscription operations are managed through the Desygnate primary market, while asset custody is maintained off the bank’s balance sheet, aligned with client-protection requirements under current Swiss regulations.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
