The Maples Group is pleased to have supported Fidelity International on the establishment of the Fidelity USD Digital Liquidity Fund (FILQ), its first tokenised fund. The fund is digitally native, with tokens issued and redeemed on one or more blockchains and provides 24/7 liquidity. It is rated AAA-mf by Moody's, registered with the Cayman Islands Monetary Authority, and managed by Fidelity International's European AIFM.
Commenting on the transaction, Aaron Mulcahy said, "It was a pleasure to lead our cross-jurisdictional team on this landmark project, combining Cayman Islands tokenised funds expertise with European legal, regulatory and marketing advice for the AIFM. The launch of FILQ demonstrates the Maples Group's capability to support innovative digital asset products in the rapidly developing tokenised liquidity fund sector on a multi-jurisdictional basis."
A team of lawyers based in the firm's Dublin, Hong Kong, London and Cayman Islands offices provided regulatory advice in addition to Irish and Cayman Islands legal counsel. This team was led by Partners Aaron Mulcahy (Dublin), Patrick Head (Cayman Islands), Harjit Kaur (London) and Robert Hughes (London) and assisted by Of Counsel Adam Sinclair (Dublin) and Daniel Moore (Hong Kong) and Associates David Walters (London) and Hilary Heelan (Dublin).
Our dedicated Digital Assets practice advises on the end‑to‑end design, launch and lifecycle of tokenised funds, combining fund formation and product structuring with regulatory analysis, disclosure and distribution strategy. With a global network of experienced lawyers and senior industry professionals strategically located in the Americas, the Caribbean, Asia Pacific, Europe and the Middle East, we offer integrated support for digital assets businesses across all our practice areas and across multiple jurisdictions.