Theo has allocated $20 million from its thBILL product into Fidelity International’s tokenized USD Digital Liquidity Fund, expanding the product’s exposure to institutional-grade onchain instruments. The move positions thBILL among the few onchain Treasury offerings backed by instruments from both Fidelity International and Wellington Management. Sygnum supported the transaction.
Allocation Expands thBILL’s Onchain Treasury Exposure
According to the company, $20 million from thBILL has been deployed into Fidelity International’s tokenized USD Digital Liquidity Fund. By adding exposure to Fidelity International alongside existing support from Wellington Management, thBILL enhances diversification across multiple large asset managers while maintaining an onchain format.
Why It Matters for Tokenized Funds
The allocation underscores growing institutional engagement with tokenized funds, which bring traditional-market instruments onto blockchain rails. Such structures aim to combine institutional asset management with onchain settlement and programmability, seeking operational efficiencies and improved transparency for investors accessing dollar liquidity and short-duration exposures.
Sygnum’s Involvement
Sygnum supported Theo’s allocation into Fidelity International’s tokenized fund. The digital asset-focused financial institution has been active in enabling tokenized investment products and infrastructure for institutional participants.
About the Products
thBILL is Theo’s onchain Treasuries product, designed to provide blockchain-based access to short-term, dollar-denominated instruments. Fidelity International’s USD Digital Liquidity Fund is a tokenized vehicle offering exposure to U.S. dollar liquidity, delivered through a blockchain-native format.