Theo Adds Fidelity International’s FILQ to thBILL: Powered by Chainlink Data Standard

Theo Adds Fidelity International's FILQ as a Second Institutional Underlying in thBILL, with key tokenized fund operations powered by Chainlink data.

On June 30th, 2026, Theo invested in $20M of FILQ, Fidelity International's tokenized USD digital liquidity fund, through Sygnum. FILQ is the first tokenized liquidity fund to receive an Aaa-mf assessment at launch from Moody's. 

Fidelity International’s FILQ is powered by Chainlink via the distribution of critical NAV and key metrics onchain, unlocking enhanced utility across 24/7 onchain treasury, liquidity, collateral, and reporting workflows.

With that transaction, Theo became the first crypto-native platform to access Fidelity International's tokenized fund offering, and Theo's institutional tokenized Treasury product, thBILL, now holds FILQ as its second institutional underlying.

This is the first product expression of our work with Fidelity International.

thBILL Was Built For This

thBILL was built around a specific thesis: the strongest onchain Treasury product is one that holds a diversified basket of the world’s most credible institutional Treasury strategies, not a single underlying.

Since launch, that strategy has rested on Wellington Management’s tokenized Treasury fund, a single institutional underlying that set the bar for what tokenized Treasuries should look like onchain.

The addition of FILQ brings Fidelity International's tokenized fund into thBILL, sourced through Sygnum and sitting alongside Wellington's fund in the same onchain product. thBILL is now backed by two of the world's leading asset managers.

“We believe tokenisation is a foundational shift in how global financial markets will function. By combining long-standing investment expertise with digital-native infrastructure, we are helping to enable regulated, institutional-grade liquidity on-chain for markets that operate around the clock, bringing new utility to onchain investors like Theo.”

— Emma Pecenicic, Head of Digital Assets Distribution, Fidelity International

Why FILQ, Why Now

thUSD, Theo's onchain dollar, is the product onchain capital actually uses. As demand grows, the institutional foundation underneath should grow with it — broader, deeper, and built on the highest-quality paper available.


The addition of FILQ in thBILL does several things at once:

• Diversifies thBILL’s institutional underlying away from a single fund

• Brings 24/7 onchain liquidity to one of the most recognized institutional Treasury products in global asset management, and the first tokenized liquidity fund to receive an AAA-mf assessment from Moody’s at launch

• Establishes Theo as the first crypto-native platform to access Fidelity International's tokenized fund offering

• Sits alongside Sygnum’s institutional infrastructure, which provided the regulated rails for the transaction

• Chainlink Runtime Environment (CRE) securely publishes FILQ's NAV and key metrics data onchain, expanding its distribution and enabling the seamless integration of FILQ into thBILL.

• Lays the groundwork for Theo to bring additional institutional asset managers’ tokenized strategies onchain through the same playbook

Theo invested $20M into FILQ. The allocation now sits inside thBILL.

“Sygnum’s infrastructure was designed to bridge institutional-grade assets and onchain markets. Seeing FILQ back thBILL is a strong validation of the institutional-grade infrastructure emerging onchain.”

— Fatmire Bekiri, Head of Tokenization, Sygnum

Johann Eid, Chief Business Officer at Chainlink Labs, said:

“By bringing secure NAV data and distribution data onchain, Chainlink enables FILQ to be seamlessly integrated into Theo’s thBILL workflows, connecting traditional financial products to the growing digital asset economy. We’re excited to accelerate the future where all the world’s value is tokenized onchain and powering 24/7 markets.”

What This Means

FILQ inside thBILL is the first product expression of our work with Fidelity International, and it also materially strengthens the institutional foundation under thUSD, Theo's onchain dollar. Theo now provides an access point through which crypto-native institutional capital reaches one of the world's largest asset managers' tokenized fund offerings. This $20M investment is the first transaction.

Theo’s existing institutional work has shaped a product architecture in which every new asset manager and every new venue strengthens the foundation for the next. FILQ inside thBILL extends that foundation.

For thUSD and thBILL holders: the institutional foundation under your stablecoin just got materially stronger.

“FILQ from Fidelity International is the strongest institutional foundation we've put under thBILL, and the first time a crypto-native platform has accessed Fidelity International's tokenized fund offering. The breadth of Fidelity International’s expertise across global fixed income makes this exactly the kind of institutional foundation our product was built for — accessible 24/7 onchain.”

— Ari Pingle, Cofounder, Theo

What’s Next

FILQ is the first product expression of our work with Fidelity International, but it's not the only direction we're moving. thBILL's institutional foundation will keep deepening: more asset managers, more strategies, more credit-grade paper backing Theo's onchain dollar.

Products from two of the world's largest asset managers now sit under thBILL. We're just getting started.