Theo, an on-chain capital markets platform, has invested $20 million in Fidelity International's tokenized USD liquidity fund, FILQ, through Swiss digital asset bank Sygnum. This marks the first investment by a crypto-native platform in the fund. FILQ, issued on the Sygnum Desygnate platform, is rated Aaa-mf by Moody's and invests in diversified short-term money market instruments. Chainlink provides on-chain net asset value and distribution data, with daily NAV verification by JPMorgan. According to RWA.xyz, FILQ's current on-chain assets under management stand at approximately $55.1 million, with Theo's investment representing nearly one-third of this total. The scale of tokenized U.S. Treasuries has seen significant growth, increasing from $6.9 billion to $14.6 billion over the past year.