FILQ is deployed on Chainlink and Sygnum infrastructure, with JPMorgan providing daily NAV data, marking a new step in the global wave of Tokenize of money market funds.
Fidelity International , a global asset management company with approximately $1 trillion in client assets, has just launched the Fidelity USD Digital Liquidity Fund (FILQ), a Tokenize liquidation that has received an AAA-mf rating from Moody's Ratings.
This is the highest rating for money market funds, reflecting strong credit quality and liquidation , and marks the first time a Tokenize product of this type has received an official rating from a major credit rating agency, setting a new standard for this nascent segment.
FILQ is implemented through Sygnum Bank's Tokenize platform, with Chainlink providing on- chain net asset value Vai and near-real-time distribution information to international investors. JPMorgan will provide approved daily NAV data, creating a layer of verification from the traditional bank side.
This isn't the first time the three parties have collaborated; Chainlink, Sygnum, and Fidelity International have integrated on- chain NAV data since 2024 within the framework of the Institutional Liquidity Fund, but FILQ marks the first time that model has been fully commercialized with independent credit ratings.
Tokenize of money funds: from pilot to core infrastructure
FILQ launches amid a surge of the world's largest asset management firms moving their cash and treasury products onto the blockchain. BlackRock and Franklin Templeton pioneered Tokenize money market funds in previous years. On Tuesday, JPMorgan filed with U.S. securities regulators to launch a similar fund on Ethereum, targeting stablecoin issuers looking to hold underlying assets.
Fidelity Investments in Boston, a separate legal entity from Fidelity International, has also issued the Fidelity Digital Interest Token (FDIT) with Ondo Finance as the Peg investor.
The convergence of independent credit ratings, proven oracle infrastructure, and NAV data from traditional Custodian banks within the FILQ structure reflects the direction the market is heading: Tokenize is no longer a technological experiment, but is being standardized according to institutional finance standards.
