According to CoinDesk, Moody’s has awarded its highest rating AAA-mf to Fidelity and BlackRock’s tokenized money market funds, recognizing the highest standards in credit quality, liquidity, and capital preservation. Fidelity’s FILQ fund launched on May 6 on Sygnum’s Desygnate tokenization platform, supporting on-chain real-time cash settlement with infrastructure support from JPMorgan, Apex Group, and Chainlink. BlackRock’s BUIDL fund, launched in March 2024, currently accounts for approximately 15% of the tokenized Treasury market.
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Moody's Assigns AAA-mf Rating to Fidelity Tokenized Fund
Fidelity International launches its first tokenized money market fund, receiving the highest Moody’s rating AAA-mf