Moody's rated the first tokenized fund on public blockchains, giving Singapore's FundBridge Capital's SGD Delta fund an AA rating. The fund will issue tokenized units on Ethereum and Stellar, investing in Singapore government securities for accredited investors.
Standard Chartered's Libeara tokenization platform is now hosting the first officially rated tokenized fund on public blockchains. FundBridge Capital's SGD Delta fund received an AA rating from Moody's and will issue tokenized units on both Ethereum and Stellar networks. The fund focuses on high-quality Singapore government securities and targets accredited and institutional investors. Notably, Moody's assigned an AA-bf rating despite the underlying assets carrying AAA credit quality, marking a significant milestone for tokenized assets in regulated finance.