On-chain capital markets platform Theo allocated $20 million to Fidelity International’s tokenised liquidity fund, FILQ.
According to a recent Cointelegraph report, the deployment made Theo the first crypto-native platform to allocate capital to a Fidelity International tokenised fund.
The allocation was executed through Swiss digital asset bank Sygnum. As a result, FILQ was included in Theo’s institutional tokenised U.S. Treasury product, thBILL.
FILQ is a U.S. dollar-based tokenised liquidity fund. It received a Moody’s Aaa-mf rating and is managed on Sygnum’s Desygnate platform. The fund aims to preserve capital and maintain liquidity by investing in short-term money market products. Chainlink provides on-chain net asset value and distribution data through its runtime environment, and JPMorgan receives and approves daily net asset value data.
Chi-gyu Hwang
delight@d-today.co.kr