CoinDesk
Moody's has awarded its highest credit rating, AAA-mf, to tokenized money market funds from both Fidelity and BlackRock — a landmark validation of onchain yield-bearing products by one of the world's most influential credit agencies. The rating signals the highest levels of credit quality, liquidity, and capital preservation, effectively placing these tokenized instruments on equal footing with the safest instruments in traditional finance.
Fidelity's FILQ fund, which debuted on May 6, runs on Sygnum's Desygnate tokenization platform and integrates JPMorgan Chase for custody, Apex Group for transfer agency, and Chainlink for onchain NAV publication. BlackRock's BUIDL, launched in March 2024, received its AAA rating more than two years after debut and now accounts for roughly 15% of the tokenized Treasury market. "There is no tokenized finance without tokenized liquidity. Once markets…
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