Moody’s Assigns Fidelity and BlackRock Tokenized Money Market Funds Highest AAA Rating

According to CoinDesk, Moody’s has awarded the highest rating of AAA-mf to Fidelity’s and BlackRock’s tokenized money market funds, signifying that both institutions’ products meet the highest standards in credit quality, liquidity, and capital preservation. Fidelity’s FILQ fund launched on May 6, built on Sygnum’s Desygnate tokenization platform, enabling real-time on-chain cash settlement and supported by infrastructure from J.P. Morgan, Apex Group, and Chainlink; BlackRock’s BUIDL fund launched in March 2024 and currently accounts for approximately 15% of the tokenized Treasury market.