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Fidelity International launches FILQ, its first fund token
Fidelity International launched the USD Digital Liquidity Fund, or FILQ, a blockchain-based version of an institutional liquidity fund tied to a strategy with about $7 billion in assets. Moody’s assigned FILQ an AAA-mf rating on May 13. FILQ follows the same investment strategy as an Ireland-based low volatility net asset value fund.