Moody's gives the highest score! BlackRock, Fidelity's "Tokenized Funds" receive an AAA rating

“Physical assets (RWA) tokenization” is rapidly moving toward mainstream markets. International credit rating agency Moody’s recently assigned the highest rating of “AAA-mf” to Fidelity and BlackRock’s “tokenized money market funds.” This rating undoubtedly injects strong confidence into the “tokenized government bond” market, affirming that these blockchain-based income products have reached the pinnacle in ensuring high liquidity, capital preservation, and are at the lowest risk level. Wall Street giants support, Fidelity achieves “zero latency” settlement Taking Fidelity’s heavily launched FILQ fund on May 6 this year as an example, the underlying technology is handled by Desygnate, a tokenization platform under Swiss digital asset bank Sygnum. It not only realizes an “on-chain fund register,” but also completes automatic settlement through smart contracts, even supporting investors to subscribe and redeem directly with stablecoins. In terms of infrastructure, FILQ integrates JPMorgan Chase’s custody and fund administration, Apex Group’s transfer agency services, and Chainlink is responsible for publishing the fund’s net asset value (NAV) and distribution data to the blockchain in real time. Fidelity International’s digital asset distribution head Emma Pecenicic stated in a declaration:

Without tokenized liquidity, it cannot be called true tokenized finance. When the market can achieve instant settlement, fund settlement should also be able to synchronize with zero latency.

BlackRock’s giant power, on-chain US Treasuries become a safe haven for capital On the other hand, asset management giant BlackRock, which first issued the BUIDL fund in March 2024, is now the world’s largest tokenized US Treasury fund. According to data released recently by transfer agent and tokenization platform Securitize on social platform X, this highly anticipated super fund also successfully received Moody’s AAA top rating yesterday. For readers unfamiliar with financial terminology, the so-called “money market fund” primarily invests in short-term bonds with high liquidity and maturities usually within one year, such as Treasury bills, commercial paper, and certificates of deposit. In traditional finance, this has always been a safe harbor for investors to park idle funds, earning steady interest while maintaining high security. Today, this “risk-free yield” appeal is sweeping through the crypto world. Tokenized US Treasury products, including Treasury bills, notes, bonds, and money market funds, are rapidly gaining favor among traditional financial institutions and native crypto enterprises.