Moody’s assigned its top AAA-mf rating to Fidelity’s FILQ (launched May 6) and BlackRock’s BUIDL (launched March 2024), indicating extremely strong credit quality, liquidity and capital preservation for these tokenized money market funds. FILQ is built on Sygnum’s Desygnate platform with infrastructure from JPMorgan Chase, Apex Group and Chainlink for onchain NAV and settlements. Tokenized U.S. government debt products have grown to over $15 billion AUM from $1 billion two years ago, driven by demand for low-risk onchain Treasury and money market instruments.

Moody’s awarded the top AAA-mf rating to both FILQ and BUIDL, signaling very strong credit quality, liquidity and capital preservation for these onchain products; the summary also notes tokenized U.S. government debt AUM grew to over $15B from $1B in two years, evidencing rising adoption—facts that support a positive outlook but are incremental for short-term trading.