Theo becomes first crypto-native investor in Fidelity tokenized fund
Theo allocated $20 million to Fidelity International’s USD Digital Liquidity Fund (FILQ), making it the first crypto-native platform to invest in Fidelity’s tokenized fund. The trade was executed through Sygnum and adds FILQ to Theo’s institutional tokenized Treasury product, thBILL. FILQ is a Moody’s Aaa-mf-rated tokenized U.S. dollar liquidity fund built on Sygnum’s Desygnate platform and backed by short-term money market instruments to preserve capital and liquidity. Chainlink supplies onchain NAV and distribution data, with JPMorgan approving daily NAV updates. The move comes as tokenized U.S. Treasury products have become the largest segment of the tokenized real-world asset market, with distributed value rising from about $6.9 billion a year ago to roughly $14.6 billion. RWA.xyz says FILQ manages about $55.1 million onchain, so Theo’s allocation is a major share of the fund.
