•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
The Bermuda-based asset manager launched the Fidelity USD Digital Liquidity Fund (FILQ), a tokenized liquidity fund built on blockchain infrastructure connected to Chainlink and Sygnum’s tokenization platform. JPMorgan will provide daily net asset value (NAV) data used for pricing.
FILQ is issued on blockchain infrastructure linked to Chainlink and launched through Sygnum Bank’s tokenization platform. Chainlink will supply onchain NAV and distribution data for the fund, enabling international investors to track fund value and payouts in near real time.
Chainlink also noted that JPMorgan will provide approved daily NAV data for the fund.
According to Sygnum, the fund received a AAA-mf assessment from Moody’s Ratings. The designation is used for money market funds and is intended to signal 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 described FILQ as part of its expanding presence in tokenized real-world assets (RWA). The platform is designed to connect blockchain applications with external real-world data that cannot be accessed natively onchain.
Fernando Vazquez, president of capital markets at Chainlink Labs, said: “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.”
The launch follows continued efforts by large asset managers to move cash and treasury products onto blockchain networks. BlackRock and Franklin Templeton have already debuted tokenized money market funds aimed at bringing short-term yield products onchain.
In the US, JPMorgan filed with the securities regulator to launch a tokenized money market fund on Ethereum, intended to allow stablecoin issuers to hold reserves backing their stablecoins.
Fidelity Investments has also previously issued the Fidelity Digital Interest Token (FDIT), a tokenized money market fund in which Ondo Finance’s OUSG fund serves as the primary anchor investor and accounts for the vast majority of its assets.
Cointelegraph approached Fidelity International for comment regarding the news but did not receive a response at the time of publication. Bermuda-based Fidelity International and US-based Fidelity Investments are separate companies that operate in different jurisdictions through their subsidiaries and affiliates.
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…
