Fidelity International’s first tokenized fund receives top-tier AAA-mf rating from Moody’s
Summary
Fidelity International has introduced its first tokenized fund, the Fidelity USD Digital Liquidity Fund (FILQ), providing institutional investors with 24/7 market access. Moody's has awarded the fund a AAA-mf rating, noting it follows the same investment strategy as Fidelity’s existing $7 billion Irish-domiciled money market fund. Utilizing Sygnum's infrastructure and the Ethereum blockchain, the fund allows for stablecoin-based subscriptions and redemptions, marking a significant step in the firm's broader push into tokenized financial assets.
(Source:The Block)