The top credit rating validates the safety and liquidity of onchain cash settlement products amid surging demand for tokenized assets.
Moody’s assigned its highest AAA-mf rating to tokenized money market funds from Fidelity and BlackRock, reflecting strong credit quality, liquidity, and capital preservation. The rating underscores the funds’ low-risk profile as yield-bearing onchain products.
Tokenized U.S. government debt products have grown to over $15 billion in assets under management from $1 billion in two years. BlackRock’s BUIDL fund holds roughly 15% of the market, while Fidelity’s FILQ fund launched on May 6 using Sygnum’s Desygnate platform for real-time settlement.
The funds integrate infrastructure from JPMorgan Chase, Apex Group, and Chainlink, enabling stablecoin subscriptions and smart contract-based transactions. The rating may boost institutional confidence in digital asset adoption.