Moody’s Rates OpenEden’s Tokenized Fund ‘A-bf’
Global credit rating agency Moody’s has awarded Hill Lights International Limited an ‘A-bf’ bond fund rating for its role in issuing OpenEden’s tokenized U.S. Treasury bills, known as TBILL Tokens. This ‘A-bf’ rating signals a high level of confidence in the bond fund’s ability to meet its financial commitments. In Moody’s scale, this is a strong rating, though not the highest available, which is the triple-A (AAA) rating. Moody’s is one of the premier credit rating agencies globally, alongside Standard & Poor’s and Fitch Ratings.
Hill Lights’ bond fund focuses on investments in U.S. Treasury bills, which are securities issued by the U.S. government. These are generally regarded as safe investments due to government backing. The process of tokenization transforms rights to an asset into digital tokens on a blockchain, enabling various assets such as bonds, real estate, and artworks to be traded digitally.
The TBILL tokens from OpenEden are tailored for institutional investors and have accumulated a total value locked (TVL) of over $36 million at the current time. These tokens offer an estimated annual return of 4.99%, with a transaction fee set at 0.05%. According to OpenEden’s website, the fund provides access to U.S. Treasurys via smart contracts, without restrictions based on trading hours or geographical location.
Moody’s has had experience in rating tokenized bonds prior to this, including those issued by the European Investment Bank (EIB). The tokenization of U.S. Treasury bills to date has exceeded $1.5 billion, highlighting a pivotal moment in blending traditional finance with blockchain technology.
Several established Wall Street firms like BlackRock and Franklin Templeton are actively participating in this growing trend. BlackRock has launched the USD Institutional Digital Liquidity Fund (BUIDL), which rapidly expanded to manage $462.7 million in assets. Similarly, Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX) holds $357.6 million and employs tokenization on both Stellar and Polygon blockchains.
In the retail sector, Woo X Exchange introduced what is claimed to be the world’s first tokenized T-bills for regular customers. This initiative offers the opportunity for investors to earn yields on USDC holdings that are backed by U.S. T-bills.
Tokenization presents a transformative potential for trading various asset classes in a digital, decentralized manner, making markets more accessible and efficient. As more firms and funds adopt these technologies, the landscape of finance continues to evolve rapidly.
With such advancements, the traditional financial ecosystem is increasingly merging with blockchain innovations, illustrating a future where digital and physical assets could be seamlessly integrated. This intersection promises greater liquidity, transparency, and diversification of investment options for both institutions and individual investors alike.
The recognition of funds like Hill Lights International Limited with high credit ratings from Moody’s signifies a growing trust and acceptance of tokenized assets within the financial community. This burgeoning sector holds promise for enhanced financial products and services, fostering a new era of blockchain-based finance.
27 thoughts on “Moody’s Rates OpenEden’s Tokenized Fund ‘A-bf’”
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Impressive work, Hill Lights! The ‘A-bf’ rating from Moodys for TBILL tokens is well-deserved. Blockchain finance on the rise!
Superb! Hill Lights attaining an ‘A-bf’ rating from Moodys validates their TBILL tokens. The future of finance looks bright!
Way to go, Hill Lights! Receiving an ‘A-bf’ rating from Moodys highlights the bright future of tokenized assets.
Amazing achievement for Hill Lights with an ‘A-bf’ rating from Moodys! A significant step for tokenized US Treasury bills.
Worries me that these firms proclaiming the benefits of blockchain tech often downplay the risks involved. More transparency needed! 🤨🔍
Amazing news! 🌟 An ‘A-bf’ rating from Moody’s speaks volumes about Hill Lights International Limited’s credibility. This could be a game-changer for tokenized assets! 💰🔗
Kudos to Hill Lights for bagging the ‘A-bf’ rating from Moodys! This is a massive step forward in tokenized finance.
The ‘promise’ of tokenization doesn’t always match the reality. We’ve seen this story before with other hyped-up technologies. 🤷♀️📉
The idea of using smart contracts for U.S. Treasury bills seems more gimmicky than truly innovative. Traditional methods work fine!
Hill Lights receiving an ‘A-bf’ rating from Moody’s for TBILL tokens shows strong potential in tokenized assets. Great job! 📊👍
Great, another way for Wall Street to monopolize yet another financial avenue. Smaller investors might get squeezed out. 🤦♂️🏦
Excellent news! Hill Lights ‘A-bf’ rating from Moodys for TBILL tokens highlights the integration of blockchain and finance.
Exciting development! Hill Lights getting an ‘A-bf’ rating from Moody’s signals a promising future for tokenized Treasury bills. 🎇📈
Hill Lights receiving the ‘A-bf’ rating from Moody’s is a testament to the robustness of their TBILL tokens. Great job! 🌟💼
Hill Lights getting an ‘A-bf’ rating from Moodys is fantastic news. It underlines the success and trust in tokenized assets.
Congratulation Hill Lights for achieving an ‘A-bf’ rating from Moody’s! It’s phenomenal to see tokenization being validated! 🏦🚀
This is huge! 🎉 Kudos to Hill Lights for receiving an ‘A-bf’ rating. Tokenized U.S. Treasury bills are the future of finance! 🚀📈
Nice! Hill Lights receiving an ‘A-bf’ rating from Moodys is a strong sign of confidence. Blockchain tech is here to stay!
Incredible! Hill Lights high rating from Moodys for its TBILL tokens underlines the trust in blockchain solutions.
Hill Lights scoring an ‘A-bf’ rating from Moody’s is terrific news. It’s great to see blockchain innovations being recognized. 🌐💵
TBILL Tokens might have a high rating, but are they really worth the transaction fees? 0.05% might add up over time. 🤔🚩
Congratulations to Hill Lights on the ‘A-bf’ rating from Moody’s! This shows a high level of trust in their TBILL tokens. 🌟🔗
Kudos to Hill Lights on the ‘A-bf’ rating from Moody’s for their TBILL tokens! This reinforces faith in blockchain finance. 🌟💡
Impressive! Hill Lights Internationals ‘A-bf’ rating by Moody’s for TBILL tokens validates the potential of blockchain in finance.
Fantastic recognition for Hill Lights! The ‘A-bf’ rating from Moodys showcases their strong ability in managing tokenized Treasury bills.
The $36 million in TVL sounds impressive until you compare it with traditional financial instruments. It’s still a drop in the ocean.
I’m skeptical about the true safety of these tokenized assets. Just because it’s on the blockchain doesn’t make it inherently secure.