A crypto-native firm has bought into a Fidelity tokenized fund for the first time, in a sign that the line between traditional asset management and onchain capital markets is continuing to bl
A crypto-native firm has bought into a Fidelity tokenized fund for the first time, in a sign that the line between traditional asset management and onchain capital markets is continuing to blur. Onchain capital markets platform Theo has invested $20 million in Fidelity International’s USD Digital Liquidity Fund (FILQ), executed through Swiss digital asset bank Sygnum.
The allocation was executed through Sygnum, a Swiss digital asset bank offering regulated banking, custody, and tokenization services for institutional clients. The investment adds FILQ to Theo’s existing institutional tokenized Treasury product, known as thBILL.
