FIUSD, issued by Fidelity International and tokenized by Sygnum Bank AG, is a tokenized money market fund interest that represents a holding in the Fidelity International Institutional Liquidity Fund priced at the fund's net asset value (NAV) per share. [S1][S2]

Holders receive economic exposure to the Fidelity International Institutional Liquidity Fund, which provides yield from regulated, highly rated government securities and carries a Moody's Switzerland AAA-mf assessment. [S1] The fund combines tokenized-cash usability with a money market fund return profile, accruing yield from short-term government instruments. [S1] Subscription and redemption pricing is based on NAV per share supplied by the fund administrator and transfer agent. [S2][S3] Custody and banking fees are charged on a tiered, cumulative basis, billed quarterly. [S4]

Sygnum Bank AG, headquartered in Zurich, Switzerland, provides the tokenization and banking layer while Fidelity International is the underlying fund's legal issuer. [S5][S1] Sygnum is authorised and supervised by the Swiss Financial Market Supervisory Authority (FINMA) under a banking and securities dealer licence. [S5][S6] The token is a ledger-based security under Swiss DLT law representing a fund interest. [S7][S2] Access targets institutional and professional investors with a minimum initial investment of USD 100,000 and KYC onboarding; Sygnum does not offer products to U.S. persons. [S1][S3] Client asset tokens are held off Sygnum's balance sheet, ring-fenced from its own assets. [S3]

FIUSD tokens use the ERC-20 standard on the Ethereum blockchain, operating a permissioned model where only approved whitelisted wallets can transact. [S1] Minting occurs via the Desygnate primary-market platform, with subscriptions and redemptions supported through a waterfall liquidity structure; during market hours settlement is typically near-instant. [S1] Daily NAV and distribution metrics are published onchain via Chainlink. [S1]

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://www.sygnum.com/news/sygnum-powers-fidelity-internationals-first-tokenized-product-launch-with-moodys-aaa-mf-assessment/" },
    { id: "S2", url: "https://www.sygnum.com/tokenization/tokenization-investor/" },
    { id: "S3", url: "https://www.sygnum.com/help/tokenization/can-i-trade-assets-tokens/" },
    { id: "S4", url: "https://www.sygnum.com/wp-content/uploads/2025/03/Private-Clients_PriceList_Sygnum-Bank_25March2025.pdf" },
    { id: "S5", url: "https://www.sygnum.com/about-us/" },
    { id: "S6", url: "https://www.sygnum.com/news/sygnum-digital-asset-technology-group-receives-finma-banking-and-securities-dealer-licence/" },
    { id: "S7", url: "https://www.sygnum.com/blog/2021/07/21/developing-a-legal-framework-for-equity-tokenization/" },
  ]}
/>


Tokenized funds

Sygnum issues security tokens representing shares in regulated funds, managing the full lifecycle from KYC/AML onboarding through minting, transfer, and redemption. Revenue is generated through tokenization fees, custody services, and asset management.

Sygnum provides end-to-end asset tokenization infrastructure, enabling institutional investors to access tokenized versions of traditional financial products on-chain. Its flagship product FIUSD tokenizes Fidelity International's Institutional Liquidity Fund (ILF) USD Fund, bringing institutional money market fund exposure on-chain via zkSync Era and Arbitrum.

Sygnum Bank AG is a Swiss FINMA-regulated digital asset bank offering institutional-grade tokenization, custody, and trading services for digital assets and tokenized real-world assets.

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Real-world asset (RWA) issuers

Sygnum

Sygnum FIUSD Liquidity Fund (FIUSD) is a tokenized fund share issued by Sygnum through Sygnum Bank AG.

The fund invests in money market instruments.

FIUSD has been issued on public blockchains since March 2024 and is native to zkSync Era and Arbitrum One.

Sygnum FIUSD Liquidity FundFIUSD

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