Key Highlights
- Fidelity International, which manages more than $1 trillion in client assets, has launched its first tokenized fund called FILQ.
- The fund allows investors to access low-risk, government-backed securities in a digital form that works 24/7.
- Built with Sygnum and supported by J.P. Morgan, it enables instant settlement and keeps investor cash active across blockchain markets.
Chainlink, a decentralized oracle network, today announced that it is powering asset manager Fidelity International’s first tokenized fund, FILQ, in partnership with Sygnum.
The fund, also known as the Fidelity USD Digital Liquidity Fund, is designed to give investors access to safe, interest-earning government-backed investments in a digital form that works around the clock.
According to Chainlink, FILQ provides exposure to short-term government securities that are low risk and already regulated. Instead of waiting for end-of-day updates like traditional finance, the fund uses onchain Net Asset Value (NAV) updates. This means investors can see how much the fund is worth at any time.
Real-time fund value powered by Chainlink
Chainlink provides a system that brings the NAV data onto the blockchain in a way that cannot be changed or tampered with. It also helps show distribution data in real time.
The fund is managed by Fidelity International itself, while Sygnum provides the tokenization system that turns the fund into digital tokens that can move on blockchain networks. U.S.-based bank J.P. Morgan is also in a position to supply approved daily NAV data that ensures the numbers used in the system are verified and trusted. Chainlink connects all this information to its blockchain networks so users can see accurate and updated data in real time.
Apex Group enables 24/7 transfer agency processing
Apex Group is serving as the transfer agent for the fund, handling investor onboarding, wallet whitelisting, and transaction processing within the tokenized structure.
Peter Hughes, founder and CEO of Apex Group, said the firm’s digital transfer agency model addresses a longstanding operational constraint in tokenized markets.
He added, “Apex Group’s 24/7 digital transfer agency model removes a structural limitation that has held back digital liquidity markets. Many funds operate on chain, yet their subscriptions and redemptions still depend on traditional, business hour processes. Investors gain real‑time access to liquidity and continuous, automated processing. It reflects a more modern market infrastructure that is always available, transparent, and designed to reinforce trust.”
24/7 access and settlement
FILQ is designed to stay open all day, every day. Investors can subscribe to or redeem their holdings at any time across different time zones. It also uses stablecoin settlement, which makes transfers faster and reduces delays that are common in traditional banking systems.
Sygnum described FILQ as “the cash layer of on-chain capital markets.” It added that the product was designed to help institutions avoid idle cash balances while still maintaining access to liquidity. The fund gives two types of token options. One option allows earnings to grow automatically over time, while the other gives regular payouts.
Emma Pecenicic, Head of Digital Assets Distribution at Fidelity International, said the shift toward tokenized finance needs liquidity that works in real time. “There is no tokenised finance without tokenised liquidity,” she said. Pecenicic added that the company sees tokenization as “a foundational shift in how global financial markets will function.”
Meanwhile, Fernando Vazquez, President of Capital Markets at Chainlink Labs, described the launch as “a pivotal moment for tokenized assets.” He said the use of real-time and verifiable NAV data helps connect traditional finance systems with blockchain-based markets.
Built on earlier collaboration
The launch builds on work that started in 2024, when Fidelity International, Chainlink, and Sygnum began working together to bring NAV data from traditional funds onto blockchain systems.
The goal was to move away from once-a-day updates and allow real-time tracking of fund value. That earlier project laid the foundation for FILQ, which now takes the idea further by turning it into a full tokenized fund system.
Also Read: DTCC Taps Chainlink for Real-Time Blockchain Collateral Infrastructure
