Theo becomes first crypto-native investor in Fidelity tokenized fund

The onchain capital markets platform allocated $20 million to Fidelity International's tokenized liquidity fund as tokenized Treasury products continue to attract institutional capital.

Theo, an onchain capital markets platform, has invested $20 million in Fidelity International's USD Digital Liquidity Fund (FILQ). Theo said the investment makes it the first crypto-native platform to allocate capital to the asset manager's tokenized fund.

Executed through Sygnum, a Swiss digital asset bank that provides regulated banking, custody and tokenization services for institutional clients, the allocation adds FILQ to Theo's institutional tokenized Treasury product, thBILL.

FILQ is a Moody's Aaa-mf-rated tokenized US dollar liquidity fund built on Sygnum's Desygnate platform that invests in diversified short-term money market instruments designed to preserve capital and liquidity. Chainlink provides onchain net asset value and distribution data for the fund through its Runtime Environment, while JPMorgan receives and approves the daily NAV data, according to the release.

Read more