Bermuda-based asset manager Fidelity International has launched its first tokenized product, which offers institutional and professional investors 24/7 liquidity, powered by Sygnum’s Desygnate platform.

The tokenized product has been given an AAA-mf assessment by Moody’s and, the ratings agency notes, “will have a very strong ability to meet its objectives of capital preservation and high liquidity”.

The product is powered by Sygnum’s Desygnate platform, the institutional-grade tokenization infrastructure purpose-built to bring regulated financial products on-chain. Desygnate underpins, the asset manager points out, the product’s digitally native architecture — enabling the on-chain fund registry, smart-contract-enabled settlement and stablecoin subscription.

It offers 24/7 subscriptions and redemptions across global time zones through a waterfall liquidity structure, reflecting the always-on nature of tokenized capital markets, while stablecoin transaction enables frictionless on-chain workflows for crypto-native treasuries, decentralized finance protocols and digital asset exchanges, serving as a genuine cash leg in tokenized capital markets.

“There is no tokenized finance without tokenized liquidity,” says Emma Pecenicic, the asset manager’s head of digital assets distribution. “Once markets settle in real time, cash must settle in real time too.

“This is our answer to that imperative – combining over 30 years of fixed income expertise with blockchain infrastructure built for the digital asset economy. With this product, we are bringing liquidity together with digital-native infrastructure, and working with partners like Sygnum, to deliver institutional-grade, yield-bearing US dollar liquidity designed for markets that operate around the clock.”