Fidelity International Launches Tokenized Liquidity Fund with Chainlink
Fidelity International has launched a tokenized liquidity fund, the Fidelity USD Digital Liquidity Fund (FILQ), bringing traditional financial products onto the blockchain. Utilizing infrastructure from Chainlink and Sygnum Bank, the fund offers onchain transparency while maintaining the regulatory rigor expected from a global asset manager overseeing $1 trillion in client assets.
FILQ received a AAA-mf rating from Moody’s, a top-tier designation typically reserved for money market funds with strong credit profiles and liquidity. This development underscores the growing institutional interest in tokenized real-world assets (RWAs), a sector that has seen increasing adoption from asset managers exploring blockchain’s efficiency and transparency benefits.
Chainlink’s Role in Onchain Finance
Chainlink, known for connecting blockchain platforms to real-world data, plays a critical role in the FILQ fund. It provides real-time, tamper-proof net asset value (NAV) and distribution data, ensuring that investors can track fund performance with near-instant accuracy. JPMorgan, in collaboration with Chainlink, delivers the verified daily NAV data.
Fernando Vazquez, President of Capital Markets at Chainlink Labs, highlighted the significance: “By adopting Chainlink’s industry-standard platform, FILQ bridges the gap between traditional finance and the onchain economy with verifiable, real-time metrics.”
This isn’t Chainlink’s first foray into tokenized finance. The platform previously partnered with Fidelity International and Sygnum in 2024 to integrate onchain NAV data for another fund. Its continued involvement signals the growing reliance on decentralized infrastructure to power institutional-grade financial products.
Tokenized Funds: A Growing Trend
Fidelity International’s FILQ launch follows broader moves by major asset managers to tokenize traditional financial products. For example, BlackRock and Franklin Templeton have already introduced tokenized money market funds, while JPMorgan recently filed plans for a similar product on Ethereum, aimed at stablecoin issuers.
Fidelity itself isn’t new to this space. Its U.S.-based affiliate, Fidelity Investments, previously launched the Fidelity Digital Interest Token (FDIT), a tokenized money market fund backed by Ondo Finance’s OUSG fund. These initiatives reflect a growing consensus within the asset management sector: blockchain technology can modernize liquidity products while improving transparency and efficiency.
Why This Matters
The tokenization of assets like FILQ could reshape the $70 trillion asset management industry by offering a more efficient and transparent alternative to traditional systems. For investors, it reduces settlement times and enhances access to real-time financial data. For asset managers, it offers operational efficiencies and the potential to attract a new generation of digital-native investors.
Fidelity International’s move also highlights its commitment to innovation amid shifting market dynamics. The firm has been actively expanding its product lineup, including a new Managed Portfolio Service range announced in February 2026. However, the industry remains competitive, as evidenced by Fidelity Investments’ recent decision to restructure its U.S. operations, cutting 800 jobs to refocus on technology and product development.
As blockchain adoption accelerates, the success of FILQ could encourage other major players to follow suit, further legitimizing tokenized assets as a critical component of modern financial markets.