Fidelity and BlackRock’s Tokenized Funds Achieve Top Rating from Moody’s
- Fidelity’s FILQ and BlackRock’s BUIDL received an Aaa-mf rating from Moody’s, indicating extremely low risk.
- BUIDL was launched in partnership with Securitize, initially on Ethereum, expanding to Arbitrum and Polygon.
- FILQ was introduced on May 6, leveraging the Desygnate infrastructure by Sygnum.
- As of May, the total volume of tokenized U.S. Treasury bonds reached $15.29 billion, marking a growth of 6.25% over the past month.
- Moody’s rating scale for money market funds ranges from C-mf to Aaa-mf, with Aaa-mf being the highest level.
The integration of blockchain technology into traditional finance is exemplified by these funds’ ability to provide transparency and accessibility while allowing shares to be traded without intermediaries.
The Aaa-mf rating achieved by FILQ and BUIDL highlights their low-risk profile and high redemption likelihood, reinforcing confidence in tokenized financial products.(Source)
