Key facts
- Theo has invested $20 million in Fidelity International's USD Digital Liquidity Fund (FILQ).
- Theo is the first crypto-native platform to invest in FILQ.
- The investment was facilitated by Sygnum, a Swiss digital asset bank.
- FILQ is a tokenized US dollar liquidity fund rated Moody's Aaa-mf.
- Chainlink provides onchain data for FILQ's net asset value.
- JPMorgan approves FILQ's daily NAV data.
Theo, an onchain capital markets platform, has made a $20 million allocation to Fidelity International's USD Digital Liquidity Fund (FILQ), marking a significant step as the first crypto-native entity to invest in the asset manager's tokenized offering. The transaction, executed via Swiss digital asset bank Sygnum, integrates FILQ into Theo's tokenized Treasury product, thBILL.
FILQ, built on Sygnum's Desygnate platform, is a tokenized US dollar liquidity fund designed to preserve capital and liquidity through investments in short-term money market instruments. It holds a Moody's Aaa-mf rating. Chainlink provides onchain net asset value and distribution data, with JPMorgan approving the daily NAV figures.
This investment highlights the growing institutional adoption of tokenized Treasury products, which now represent the largest segment of the tokenized real-world asset market, having more than doubled in value over the past year to approximately $14.6 billion. Theo's $20 million investment constitutes a substantial portion of FILQ's current $55.1 million in assets under management.