Theo Expands thBILL Reserves with Investment in Fidelity International’s FILQ

• Theo has diversified the reserves of its thBILL tokenized fund by investing in Fidelity International’s FILQ, a tokenized U.S. dollar digital liquidity fund powered by Chainlink.
• Sygnum Bank facilitated the transfer.

Theo’s Diversification of thBILL Reserves

Theo has allocated $20 million into Fidelity International’s Fidelity USD Digital Liquidity Fund (FILQ), a globally managed, tokenised U.S. dollar digital liquidity instrument executed via Sygnum Bank. The allocation broadens the thBILL fund’s backing from a single asset manager to a dual‑fund structure, enhancing its security profile and reducing issuer concentration risk.

Prior to this move, the thBILL fund’s liquidity was supported exclusively by Wellington Management’s Delta Wellington Ultra Short Treasury On‑Chain Fund (ULTRA). By diversifying into FILQ, Theo improves risk resilience and ensures its on‑chain dollar ecosystem benefits from the combined expertise of two leading global asset managers.

“Tokenisation represents a foundational shift in global financial markets,” stated Emma Pecenicic, Head of Digital Assets Distribution at Fidelity International. “By merging deep investment expertise with digital‑native infrastructure, we enable regulated, institutional‑grade liquidity on‑chain, offering new utility to platforms such as Theo.”

Key Features of the thBILL Fund and FILQ

The thBILL fund holds a diversified basket of institutional‑grade, tokenised U.S. Treasury bills sourced from regulated issuers, generating yield from short‑term government debt and operating like a digital savings account.

According to RWA.xyz, the thBILL fund manages assets worth approximately $121.68 million and serves nearly 4,400 holders, delivering a 30‑day annual percentage yield (APY) of 3.56 %.

The fund is domiciled in Panama, with $119.67 million of assets settled on Ethereum (ETH) and $2 million allocated through Hyperliquid’s HyperEVM (HYPE).

FILQ offers an institutional‑grade digital strategy that captures yields from short‑term U.S. government securities. It holds a total asset value of nearly $55.11 million and is the first tokenised liquidity fund to receive an Aaa‑mf rating from Moody’s.

The fund is domiciled in the Cayman Islands and issued by Fidelity International Strategies Funds SPC. Sygnum provides the underlying digital asset infrastructure, enabling institutional access.

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