Fidelity tokenized fund earns AAA rating

Fidelity International's new tokenized fund, FILQ, has achieved a top-tier AAA-mf rating from Moody's. This innovative fund is designed to mirror Fidelity's existing low-volatility net asset value (LVNAV) fund, aiming to offer enhanced operational efficiency. A key feature of FILQ is its ability to provide investors with round-the-clock redemptions and settlements, a significant improvement over traditional fund structures. This development marks a notable step forward in the integration of tokenization within traditional asset management, potentially setting a new standard for liquidity and accessibility in the market.