Fidelity USD Digital Liquidity Fund-Acc filq-a

Fidelity USD Digital Liquidity Fund-Acc (FILQ-A) is the accumulating token class of Fidelity USD Digital Liquidity Fund (FILQ), a regulated, tokenised money-market fund managed within Fidelity International’s digital-assets offering. The fund is designed to invest in a diversified range of short-term instruments rather than operating as an algorithmic stablecoin or an unsecured lending protocol.

Its stated objective is to maintain capital value and liquidity while producing a return broadly in line with money-market rates. The “Acc” designation indicates an accumulation class: income is reflected in the value of the holding rather than paid out as a separate distribution.

FILQ-A is represented as an ERC-20 token on Ethereum under contract 0x54a4fc78431f9201824643e99bec891bb7462a1d. CoinGecko identifies the asset with symbol FILQ-A and classifies it under Tokenized Assets, Real World Assets, Ethereum Ecosystem, and Tokenized Money Market Fund (MMFs).

Fidelity says FILQ tokens are issued on supported public blockchains, currently Ethereum, with the fund NAV calculated daily and published on-chain consistently across supported chains using an independent oracle provider. Access is jurisdiction- and investor-eligibility-dependent; the issuer specifically states that the fund is not available to U.S. persons or where distribution would breach applicable law.

Conventional money-market funds can be operationally separate from digital-asset markets: subscriptions, redemptions, settlement and ownership records are handled through traditional intermediaries and are not readily composable with on-chain applications. FILQ addresses that distribution and settlement friction by placing a regulated fund interest into a blockchain-token format.

The product targets investors who want short-duration, cash-like exposure and money-market yield while retaining digital transfer and integration possibilities. It is not intended to solve the price volatility of risky crypto assets, and the token should not be described as a dollar stablecoin: its value is tied to the fund NAV and the underlying portfolio, not a promise that every token is redeemable on demand for exactly one U.S. dollar.

The trade-off is that tokenisation does not remove fund, market, custody, regulatory, eligibility, liquidity or smart-contract risk. Secondary-market liquidity may be limited, NAV is calculated daily rather than continuously, and the offering is unavailable to some investors and jurisdictions.

Investors obtain FILQ-A interests through the fund’s supported distribution and tokenisation arrangements. The underlying portfolio invests in short-term, highly rated government and non-government securities and other eligible money-market instruments; returns from those assets are reflected in the accumulating class NAV.

The class is represented on Ethereum by an ERC-20 contract with two decimals. CoinGecko reports a decimal place of 2, while Etherscan labels the token an ERC-20 and identifies the deployed contract as a UUPS proxy. The on-chain representation should therefore be treated as a record of a regulated fund interest, not as the fund’s entire legal or operational framework.

NAV is calculated daily. Fidelity’s description says the NAV is published on-chain at the same time across supported chains through a leading independent oracle provider, allowing on-chain users and applications to reference a consistent valuation. The accumulation class retains income in the share value instead of making a periodic cash distribution.

As of the cited CoinGecko snapshot, the token had 448,064.28 circulating/total units and a reported USD price of about $100.95; those are time-sensitive market-data observations, not guaranteed values. Etherscan separately showed the same two-decimal supply and price and reported three token holders at its snapshot time.