Moody’s awards top rating to Fidelity and BlackRock's tokenized money market funds
The AAA rating signals the highest level of credit quality, liquidity and capital preservation.
AI Summary
Moody's has awarded its top AAA-mf rating to tokenized money market funds from Fidelity and BlackRock, indicating the highest levels of credit quality, liquidity, and capital preservation. Fidelity's newly launched FILQ fund operates on Sygnum's tokenization platform with infrastructure support from JPMorgan Chase, Apex Group, and Chainlink to enable real-time onchain cash settlement. Tokenized U.S. government debt products have grown substantially to over $15 billion in assets under management in two years, with BlackRock's BUIDL fund representing approximately 15% of this market.