Overview
- Moody’s assigned its highest money‑market grade, AAA‑mf, to Fidelity’s FILQ and BlackRock’s BUIDL, a label that reflects very strong liquidity and capital preservation.
- Fidelity’s FILQ launched May 6 on Sygnum’s Desygnate platform with JPMorgan for custody and fund administration, Apex Group as transfer agent, and Chainlink publishing net asset value data onchain.
- BlackRock’s BUIDL, introduced on Ethereum in March 2024 and rated via a Securitize announcement, now manages about $2.3 billion in assets, according to market data.
- Tokenized U.S. government debt has climbed from roughly $1 billion to more than $15 billion in two years, while the broader real‑world asset category sits near $31 billion, showing fast institutional uptake.
- Executives say these funds aim for real‑time cash settlement on blockchain rails, which could make moving cash between markets faster and cheaper for institutions that park short‑term money in Treasury‑backed vehicles.