Moodys Rates Fidelitys Ethereum-Based USD Liquidity Fund at Highest Aaa-mf Level
Fidelity‘s Tokenized Money Market Fund Earns Top Moody’s Grade The fund is structured as a segregated portfolio company domiciled in the Cayman Islands. FIL Investments International, a subsidiary of FIL Limited, serves as investment manager. Moodys said the Aaa-mf assessment reflects a view that the fund maintains a very strong ability to meet its capital preservation and objectives. The fund follows the same investment strategy as the Aaa-mf-assessed Fidelity Institutional Fund plc, an Irish-domiciled low- net asset value fund. The fund issues tokenized units recorded initially on the Ethereum public , with plans to migrate subsequently to Zksync. Legal ownership of shares is maintained in an off-chain register held by Apex Fund Services (Malta) Limited, the transfer agent. The funds weighted average maturity will stay below 60 days. At least 10% of assets must mature daily and 30% weekly. Overnight deposits will represent a significant portion of holdings, keeping exposure to market risk low. Institutional investors can subscribe and redeem either onchain through select or off-chain in U.S. dollars through standard banking rails. Moodys noted this dual-track structure improves resilience in the event of outages. The fund is designed to offer near-instant with 24/7 redemptions, subject to available . Redemption requests submitted outside market hours that