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Moody's AAA Rating Boosts Tokenized Funds
Description
Moodys AAA Rating for Fidelity and BlackRocks Tokenized Funds: A New Era for Onchain Treasury
Moodys has bestowed its top AAA rating on Fidelitys FILQ fund and BlackRocks BUIDL fund, marking a significant milestone for onchain products offering real-time yield with minimal risks. These funds, built on Sygnums platform and backed by JPMorgan Chase, Apex Group, and Chainlink, enable instant settlements using stablecoins. The onchain Treasury space has surged, with assets under management reaching over fifteen billion dollars, up from one billion two years ago. This rating could pave the way for broader mainstream adoption, merging traditional finance with cryptos real-time capabilities.
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