Key facts
- Theo allocated $20 million to Fidelity International's tokenized USD Digital Liquidity Fund.
- Theo is a crypto-native entity and an onchain capital markets platform.
- Fidelity International's fund is named FILQ.
- New York Life Investment Management launched its first tokenized fund.
- The New York Life fund is a U.S. high-yield corporate bond strategy.
- New York Life partnered with Centrifuge for its tokenized fund.
- Eligible investors can access the New York Life fund on-chain.
- Transactions for the New York Life fund will be settled in USDC.
Fidelity International's tokenized USD Digital Liquidity Fund (FILQ) has seen its first investment from a crypto-native entity, Theo. Theo, an onchain capital markets platform, has allocated $20 million to the fund. This marks a significant milestone, indicating growing institutional interest in tokenized Treasury products. The investment by Theo underscores the increasing convergence between traditional finance and the digital asset space.
