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Fidelity International’s first tokenized fund receives top-tier AAA-mf rating from Moody’s

The Block
Fidelity International launched a tokenized liquidity fund, FILQ, which has received a top-tier AAA-mf rating from Moody's.

Summary

Fidelity International has introduced its first tokenized fund, the Fidelity USD Digital Liquidity Fund (FILQ), providing institutional investors with 24/7 market access. Moody's has awarded the fund a AAA-mf rating, noting it follows the same investment strategy as Fidelity’s existing $7 billion Irish-domiciled money market fund. Utilizing Sygnum's infrastructure and the Ethereum blockchain, the fund allows for stablecoin-based subscriptions and redemptions, marking a significant step in the firm's broader push into tokenized financial assets.

(Source:The Block)