Sygnum brings Fidelity tokenised liquidity to Singapore

Sygnum has made Fidelity International's tokenised liquidity solution available to accredited and institutional investors in Singapore through its Monetary Authority of Singapore-licensed local entity.

The launch gives eligible investors access to a regulated US dollar liquidity product issued and administered on-chain, with its net asset value also published on-chain. The offering was issued on Sygnum's tokenisation platform, Desygnate.

The product is Fidelity International's first tokenised liquidity solution. First launched in Zurich, it has drawn participation from asset managers, digital asset exchanges, stablecoin issuers and decentralised finance protocols, according to the companies.

Singapore's addition expands a growing market for tokenised cash-management products aimed at professional investors. Sygnum puts the category at more than USD 15 billion as institutions look for ways to hold liquid assets in digital form while keeping settlement and reporting on blockchain rails.

Under the structure, Fidelity International manages the solution through its liquidity and short-duration investment business. Moody's has assessed the product AAA-mf, saying in its report that it "will have a very strong ability to meet its objectives of capital preservation and high liquidity".

Several financial and market infrastructure groups also support the arrangement. J.P. Morgan provides administration and custody services, Apex Group acts as transfer agent, and Chainlink publishes daily net asset value data and distribution metrics on-chain.

Cash management

The companies presented the Singapore launch as part of a broader shift in institutional treasury management. Rather than relying only on Treasury bills, some treasuries are moving towards tokenised liquidity vehicles that hold the same class of assets but can be issued, settled and monitored on-chain.

The approach is meant to give investors a clearer operational record and a way to move cash positions within digital asset markets. It also reflects growing efforts by regulated financial groups to offer tokenised versions of conventional instruments to professional investors.

Singapore has emerged as one of the key jurisdictions for that development because of its regulatory framework for digital assets and tokenisation. The product is available in the city-state only to accredited and institutional investors, not retail buyers.

"There is no tokenized finance without tokenized liquidity. This is Fidelity International's answer to that imperative - combining over 30 years of fixed income expertise with blockchain infrastructure built for the digital asset economy," said Emma Pecenicic, Head of Digital Assets Distribution at Fidelity International.

"Working with partners such as Sygnum, we are bringing together liquidity with digital-native infrastructure to deliver institutional-grade US dollar liquidity on-chain," Pecenicic added.

Local access

For Sygnum, the launch expands its role in the tokenisation market beyond issuance technology to local distribution through its Singapore entity. The group holds a banking licence in Switzerland and regulatory permissions in Singapore, Liechtenstein, Abu Dhabi and Luxembourg.

Sygnum presents tokenisation as a practical extension of existing financial market activity rather than a separate digital asset niche. By putting a liquidity product on blockchain infrastructure, it is seeking to meet demand from institutions that want digital transferability alongside regulated oversight.

"Together with our partner Fidelity International, we are proud to bring tokenized liquidity to investors in Singapore, in a category now worth more than USD 15 billion. Tokenization is changing how institutions hold cash. High-quality liquid assets can now sit on-chain, with transparent, verifiable data and the safeguards of regulated infrastructure," said Fatmire Bekiri, Head of Tokenization at Sygnum.

Reto Marx, who leads Sygnum's Singapore business, said the city-state was ready for more institutional tokenised products under an established regulatory structure.

"Singapore has been at the forefront of building a regulated framework for tokenization, and institutions here are ready for solutions that bring that work into practice. Making Fidelity International's tokenized liquidity available through our MAS-licensed entity gives accredited and institutional investors in Singapore access to a high-quality way of holding liquidity on-chain, backed by the strength of a global asset manager and regulated infrastructure," said Marx, Sygnum Singapore CEO.