Moody’s awards top rating to Fidelity and BlackRock's tokenized money market funds

The AAA rating signals the highest level of credit quality, liquidity and capital preservation. What to know : Moody’s awarded its top rating, AAA-mf, to tokenized money market funds issued by Fidelity and BlackRock, signaling the highest levels of credit quality, liquidity and capital preservation. Fidelity’s FILQ fund, introduced on May6 and built on Sygnum’s Desygnate tokenization platform with infrastructure support from JPMorgan Chase, Apex Group and Chainlink, aims to enable real-time, onchain cash settlement. Tokenized U.S. government debt products have surged to more than $15 billion in assets under management from $1 billion in two years, with BlackRock’s BUIDL fund accounting for about 15% of the market.