Owning FILQ-A: Fund Access, Storage and Risks

FILQ-A is the Ethereum-issued token for Fidelity USD Digital Liquidity Fund, a tokenised fund that invests in a diversified range of short-term instruments. The fund aims to maintain capital value and liquidity while delivering a return in line with money market rates; that aim is not a guarantee of returns or of getting your full investment back.

The fund calculates its net asset value daily and publishes it on-chain through an independent oracle provider. FILQ-A is not a native Ethereum coin, and holding it is different from holding ETH. The fund is not available to U.S. persons or to people in jurisdictions where access or distribution would breach applicable law or regulation. Check your eligibility and the fund’s current terms before acquiring it. The token’s name includes “Acc,” but the fund information here does not specify how distributions or accumulation are handled, so confirm the share-class terms rather than assuming.

FILQ-A is issued on Ethereum, so you need an Ethereum-compatible wallet to hold it yourself. A wallet can show and store the token, but that alone does not confirm that you are eligible to hold it, that transfers are permitted for your address, or that you can redeem it with the fund. Confirm those points with the fund’s official arrangements before moving tokens.

For a self-custody wallet, protect your recovery phrase offline and never share it with anyone claiming to help with a transfer or redemption. You will generally need ETH in the same wallet to pay Ethereum transaction fees. Sending FILQ-A to an exchange or wallet that does not support this exact token can result in loss of access. Check the network and recipient details carefully, and consider a small test transfer only if the fund’s rules allow transfers and the recipient supports FILQ-A. Do not rely on a token name or ticker alone to verify that you have the right asset.

The reported circulating and total supply are both 251,633.2 FILQ-A as of 2026-11-08; no maximum supply is specified. The reported price was about $101.75 on that date, with a market capitalization of about $25.6 million. These are point-in-time figures, not a promise that you can sell or redeem at that price. A token’s market price can differ from a fund’s net asset value, and quoted prices or liquidity may not reflect what you could receive in a transaction.

The fund’s stated objective is to invest in short-term instruments and provide liquidity, but that does not make FILQ-A a bank deposit or guarantee stable value. Before committing funds, check how subscriptions and redemptions work, who may use them, any applicable fees, processing times and restrictions. Those details matter because being able to hold or transfer a token does not necessarily mean you can redeem it directly or quickly.

You face several kinds of risk. The underlying instruments can lose value or become harder to sell, and the fund’s objective to maintain capital value is not a guarantee. Redemption access may depend on eligibility, fund terms and operational processes. A token’s market price can also move away from the fund’s reported net asset value.

There are blockchain risks too: a mistaken transfer, compromised wallet, smart-contract fault, or disruption to Ethereum or the system publishing NAV could affect access or token information. Self-custody puts recovery-phrase security in your hands; a lost phrase may mean losing access. Before holding FILQ-A, verify that the token and receiving address are correct, review the fund’s current legal and redemption terms, and keep your wallet software and recovery arrangements secure. Do not invest money you cannot afford to have unavailable or lose.