todayonchain.com

Fidelity and BlackRock tokenized funds receive highest Moody’s rating

Crypto Briefing
Moody’s has awarded its highest AAA-mf credit rating to tokenized money market funds managed by BlackRock and Fidelity International.

Summary

Moody’s has assigned its top AAA-mf credit rating to the Fidelity USD Digital Liquidity Fund (FILQ) and the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This rating specifically assesses a money market fund’s ability to preserve capital and maintain liquidity. The growth of these funds reflects a broader trend in the financial sector, where tokenized US government debt has surged from $1 billion to over $15 billion in just two years, driven largely by institutional interest in blockchain-based fixed-income instruments.

(Source:Crypto Briefing)