Moody’s awards top rating to Fidelity and BlackRock's tokenized money market funds
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Moody’s has awarded its top AAA-mf rating to tokenized money market funds from Fidelity and BlackRock, indicating high credit quality and liquidity. Fidelity’s FILQ fund, launched on May 6, utilizes Sygnum’s Desygnate platform and aims for real-time cash settlement. The market for tokenized U.S. government debt has grown significantly, reaching over $15 billion in assets, with BlackRock’s BUIDL fund representing about 15% of this market.
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