Theo invested $20 million into Fidelity International's USD Digital Liquidity Fund (FILQ) to strengthen reserves for its institutional tokenized Treasury product thBILL. The allocation was made through Swiss digital asset bank Sygnum and marks the first investment in FILQ by a crypto-native platform. FILQ carries a top-tier Aaa-mf assessment from Moody's and is managed by Fidelity International, one of the world's largest asset managers with approximately $1.06 trillion in total assets under management.
thBILL Gains Dual Institutional Backing From Fidelity International and Wellington Management
FILQ will sit alongside ULTRA, a Treasury fund issued by Wellington Management and custodied at Standard Chartered. The combination makes thBILL one of the only onchain Treasury products backed by paper from both Fidelity International and Wellington Management. Arijit Pingle, Theo's co-CEO, stated that the investment provides the strongest institutional foundation yet for thBILL and represents the first time a crypto-native platform has accessed Fidelity International's tokenized fund offering. Emma Pecenicic, Fidelity International's head of digital assets distribution, said the firm is combining long-standing investment expertise with digital-native infrastructure to enable regulated, institutional-grade liquidity onchain for markets that operate around the clock. Fidelity International serves more than 2.9 million customers globally and operates in more than 25 locations.
Sygnum and Chainlink Provide Onchain Infrastructure for FILQ Integration
FILQ is built on Sygnum's Desygnate platform, which provides infrastructure for onchain fund registries, smart-contract settlement, and 24/7 subscriptions. Chainlink handles the onchain data layer through the Chainlink Runtime Environment, bringing FILQ's net asset value and distribution data onchain with daily NAV data received and approved by JPMorgan. The data feed allows FILQ to be used inside thBILL and across broader onchain workflows including treasury management, collateral, liquidity, and reporting. Theo's product suite includes thBILL, thGOLD, and thUSD, and the platform has processed more than $1 billion in cumulative trading volume across more than 80,000 users in over 60 countries.
FAQ
What did Theo invest in Fidelity International's tokenized fund?
Theo invested $20 million into Fidelity International's USD Digital Liquidity Fund (FILQ) through Swiss digital asset bank Sygnum. The investment supports Theo's institutional tokenized Treasury product thBILL and marks the first allocation into FILQ by a crypto-native platform.
How does FILQ integrate with onchain infrastructure?
FILQ is built on Sygnum's Desygnate platform for onchain fund registries and smart-contract settlement. Chainlink provides the onchain data layer through the Chainlink Runtime Environment, with daily net asset value data received and approved by JPMorgan, enabling FILQ to be used in treasury management, collateral, liquidity, and reporting workflows.
What institutional backing does thBILL have?
thBILL is backed by both Fidelity International's FILQ fund and Wellington Management's ULTRA Treasury fund, which is custodied at Standard Chartered. This dual backing makes thBILL one of the only onchain Treasury products supported by paper from both Fidelity International and Wellington Management.
