> For the complete documentation index, see [llms.txt](https://docs.theo.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.theo.xyz/products/thbill/fidelity-filq.md).

# Fidelity FILQ

FILQ is the Fidelity USD Digital Liquidity Fund, Fidelity International's first tokenized fund, launched on May 6, 2026.

## FILQ fact sheet

<table><thead><tr><th width="188.54541015625"></th><th>Fidelity USD Digital Liquidity Fund</th></tr></thead><tbody><tr><td><strong>Composition</strong></td><td>High-quality government securities and asset-backed commercial paper</td></tr><tr><td><strong>Estimated Returns</strong></td><td>Money market rates less fees</td></tr><tr><td><strong>Investment Manager</strong></td><td>Fidelity International</td></tr><tr><td><strong>Custodian</strong></td><td>J.P. Morgan</td></tr><tr><td><strong>Fund Administrator</strong></td><td>J.P. Morgan</td></tr><tr><td><strong>Transfer Agent</strong></td><td>Apex Group</td></tr><tr><td><strong>Tokenization Provider</strong></td><td>Sygnum (Desygnate)</td></tr><tr><td><strong>NAV Reporting</strong></td><td>Chainlink, sourced from J.P. Morgan</td></tr><tr><td><strong>Rating</strong></td><td>Aaa-mf (Moody's)</td></tr></tbody></table>

## NAV reporting

FILQ's daily NAV is approved by J.P. Morgan and published onchain by Chainlink, so the fund's valuation is readable from chain rather than from a periodic statement.

## Composition note

FILQ holds asset-backed commercial paper alongside government securities. That is a broader mandate than pure Treasury exposure, and it carries credit exposure that Treasury-only funds do not.&#x20;