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Moody’s awards top rating to Fidelity and BlackRock's tokenized money market funds
Key takeaways
- The AAA-mf rating signals an extremely strong ability to ensure high liquidity and capital preservation and the lowest level of risk.
- 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.
- "There is no tokenized finance without tokenized liquidity.
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.
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