Fidelity International launches Moody’s-rated tokenized fund on Chainlink
The Bermuda-based asset manager launched a tokenized liquidity fund using Chainlink and Sygnum infrastructure, with JPMorgan providing daily NAV data for pricing.
Fidelity International has successfully launched its first tokenized investment fund, marking a significant milestone in traditional finance's embrace of blockchain technology. The Bermuda-based asset management giant deployed the Fidelity International Liquidity Fund (FILQ) on Chainlink's Cross-Chain Interoperability Protocol, utilizing Sygnum's banking and tokenization infrastructure. The fund has received a rating from Moody's credit rating agency, while JPMorgan Chase provides daily net asset value data to ensure accurate pricing of the tokenized shares.
The tokenized fund represents Fidelity International's strategic expansion into digital asset infrastructure, building on the growing institutional adoption of blockchain-based financial products. Sygnum, a Swiss-based digital asset bank, facilitated the tokenization process and provides regulatory-compliant custody services. Chainlink's oracle network enables secure data feeds and cross-chain functionality, allowing the fund to operate seamlessly across different blockchain networks.
This launch signals accelerating institutional acceptance of tokenized traditional financial products, potentially opening new distribution channels and improving operational efficiency. The involvement of established players like Fidelity, JPMorgan, and Moody's lends credibility to the tokenized fund sector, which could encourage other major asset managers to explore similar offerings. The combination of traditional financial expertise with blockchain infrastructure may drive broader institutional adoption of digital asset technologies.
Market participants will closely monitor the fund's performance and regulatory reception, as success could catalyze similar launches from competing asset management firms.
Source: Cointelegraph
