{"id":23086,"date":"2024-06-19T22:30:09","date_gmt":"2024-06-19T19:30:09","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23086"},"modified":"2024-06-19T22:06:38","modified_gmt":"2024-06-19T19:06:38","slug":"moodys-assigns-a-bf-rating-to-openedens-tokenized-bond-fund","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/moodys-assigns-a-bf-rating-to-openedens-tokenized-bond-fund\/","title":{"rendered":"Moody’s Assigns “A-bf” Rating to OpenEden’s Tokenized Bond Fund"},"content":{"rendered":"

OpenEden’s TBILL receives a strong credit rating as the trend of on-chain Treasury bills grows.<\/p>\n

On June 19th, Moody’s Ratings, a leading global credit rating agency alongside Standard & Poor’s and Fitch Ratings, assigned an “A-bf” rating to Hill Lights International Limited, the issuer behind OpenEden’s tokenized U.S. Treasury bills (TBILL Tokens).<\/p>\n

The “A-bf” rating signifies a high level of creditworthiness, indicating Moody’s view of the bond fund’s strong capacity to meet its financial obligations. It falls just below the coveted “AAA” (triple-A) rating, the highest available.<\/p>\n

The OpenEden TBILL fund primarily invests in U.S. Treasury bills, government securities considered safe investments due to their backing by the U.S. government.<\/p>\n

Tokenization is the process of converting ownership rights of an asset into a digital token on a blockchain. This technology allows for online trading of various assets, including bonds, real estate, and even artwork.<\/p>\n

Currently, the OpenEden TBILL caters exclusively to institutional investors. It boasts over $36 million in total value locked (TVL) at the time of writing. The fund offers an estimated annual return of 4.99% with a transaction fee of 0.05%. Notably, the company website highlights the ability to access U.S. Treasuries through smart contracts, eliminating restrictions on trading hours or location.<\/p>\n

This isn’t Moody’s first foray into rating tokenized bonds. They have previously evaluated offerings from the European Investment Bank (EIB).<\/p>\n

A significant milestone has been reached as the total value of tokenized U.S. Treasuries surpasses $1.5 billion. This development underscores the growing integration of traditional finance with blockchain technology.<\/p>\n

Traditional Wall Street players like BlackRock<\/a> and Franklin Templeton are actively participating in this trend. BlackRock launched the USD Institutional Digital Liquidity Fund (BUIDL), which has rapidly grown to manage a substantial market share with $462.7 million in assets. Similarly, Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX) holds $357.6 million and is tokenized on both Stellar and Polygon blockchains.<\/p>\n

In April, Woo X Exchange introduced what they claim to be the world’s first tokenized T-bills for retail investors. This innovation allows them to earn yield on their USD Coin holdings backed by U.S. Treasury bills.<\/p>\n

\n
<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

OpenEden’s TBILL receives a strong credit rating as the trend of on-chain Treasury bills grows. On June 19th, Moody’s Ratings, a leading global credit rating agency alongside Standard & Poor’s and Fitch Ratings, assigned an “A-bf” rating to Hill Lights International Limited, the issuer behind OpenEden’s tokenized U.S. Treasury bills (TBILL Tokens). The “A-bf” rating<\/p>\n","protected":false},"author":1,"featured_media":23087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[535,6897,6898],"class_list":["post-23086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blackrock","tag-moodys","tag-openeden"],"yoast_head":"\nMoody's Assigns "A-bf" Rating to OpenEden's Tokenized Bond Fund - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/moodys-assigns-a-bf-rating-to-openedens-tokenized-bond-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moody's Assigns "A-bf" Rating to OpenEden's Tokenized Bond Fund - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"OpenEden’s TBILL receives a strong credit rating as the trend of on-chain Treasury bills grows. 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