Theo has moved $20 million into Fidelity International's tokenized USD Digital Liquidity Fund, the first crypto-native allocation into the fund. The step gives Theo's onchain Treasury product, thBILL, backing from two fixed-income managers.
Theo has allocated $20 million into Fidelity International's USD Digital Liquidity Fund, known as FILQ, in what it describes as the first investment in the fund by a crypto-native platform. The allocation flows through Swiss digital asset bank Sygnum and feeds Theo's institutional tokenized Treasury product, thBILL.
Fidelity fund carries a top Moody's grade
FILQ holds a top-tier Aaa-mf assessment from Moody's, which gives thBILL exposure to a regulated tokenized liquidity fund run by one of the world's largest asset managers. Theo says the move is designed to give onchain investors round-the-clock access to Treasury-style liquidity.
The fund now sits alongside ULTRA, a Treasury fund issued by Wellington Management and custodied at Standard Chartered. That pairing makes thBILL one of the only onchain Treasury products backed by paper from both Fidelity International and Wellington Management, so institutions reach familiar fixed-income managers through blockchain-based settlement and reporting.
Arijit Pingle, Theo's co-CEO, framed the allocation as the strongest institutional foundation yet for the product. According to Bitcoin.com News, Pingle said: "This is the first time a crypto-native platform has accessed Fidelity International's tokenized fund offering."
Chainlink brings the fund data onchain
For Fidelity International, the allocation is an early signal that tokenized funds are beginning to draw demand from crypto-native capital markets platforms. The firm serves more than 2.9 million customers across more than 25 locations and manages about $1.06 trillion in total assets.
FILQ runs on Sygnum's Desygnate platform, which supplies the infrastructure for onchain fund registries, smart-contract settlement and 24/7 subscriptions. Chainlink handles the data layer: through the Chainlink Runtime Environment, the fund's net asset value and distribution data are brought onchain, with daily NAV data received and approved by JPMorgan.
That feed lets FILQ work inside thBILL and across wider onchain workflows, from treasury management to collateral and reporting. Theo, whose suite also includes thGOLD and thUSD, says it has processed more than $1 billion in cumulative trading volume across more than 80,000 users in over 60 countries.
Source: Bitcoin.com News
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