Moody’s assigned its highest credit rating to tokenized money market funds from Fidelity and BlackRock, validating their safety as yield-bearing onchain products.
The AAA-mf rating signals an extremely strong ability to ensure high liquidity and capital preservation and the lowest level of risk.
Fidelity's FILQ fund debuted on May 6. The product is powered by Swiss digital asset bank Sygnum's Desygnate tokenization platform, which enables onchain fund registries, smart contract-based settlement and stablecoin subscriptions and redemptions.
It also includes infrastructure support from JPMorgan Chase for custody and fund administration, Apex Group for transfer agency services and Chainlink, which publishes the fund’s net asset value and distribution data onchain.
"There is no tokenized finance without tokenized liquidity. Once markets settle in real time, cash must settle in real time too," Emma Pecenicic, head of digital assets distribution at Fidelity International, said in a statement.
