Fidelity International Launches Moody’s-Rated Tokenized Fund on Chainlink

Fidelity International, a major asset manager, has launched a tokenized liquidity fund on the Chainlink blockchain. The fund, known as FILQ, is backed by Moody’s ratings and uses Sygnum’s infrastructure. JPMorgan provides daily net asset value (NAV) data for pricing, ensuring transparency and reliability.

The tokenized fund is designed to offer investors exposure to liquidity products in a blockchain-based format. Moody’s ratings provide an additional layer of credibility, while JPMorgan’s involvement ensures accurate and timely pricing data. This launch is part of a broader trend of traditional financial institutions embracing blockchain technology to enhance efficiency and accessibility.

For everyday investors, this development means greater access to traditionally complex financial products. Tokenized funds can offer lower fees, faster settlements, and increased transparency compared to traditional funds. This could democratize access to liquidity products, making them available to a wider range of investors.

Investors interested in this new tokenized fund should watch for further developments in the tokenization of traditional financial products. As more institutions enter this space, the range of available tokenized assets is likely to expand, offering even more opportunities for investors. Read more → https://cointelegraph.com/news/fidelity-filq-tokenized-fund-chainlink-sygnum?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound