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Moody's Awards Investment-Grade "A-bf" Rating to OpenEden's Tokenized T-Bills [Yahoo! Finance]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Yahoo! Finance
OpenEden Group is raising fresh funding to expand use cases for TBILL tokens. SINGAPORE June 19, 2024 /PRNewswire/ -- The global credit rating agency, Moody's Ratings, has awarded an "A-bf" bond fund rating to Hill Lights International Limited - the regulated fund that issues OpenEden's tokenized U.S. T-bills. The rating places OpenEden's TBILL tokens within the "investment-grade" quality category. According to Moody's Ratings and Symbols Definitions "Money Market Funds and Bond Funds rated A … are judged to possess many favorable investment attributes and are considered as upper-medium-grade investment vehicles". An Industry First As tokenized real-world assets ("RWA") have surged in popularity, T-bills, in particular, have proven a popular choice for many issuers, including the likes of Franklin Templeton's "BENJI" token, and BlackRock's rival "BUIDL" token. Other notable tokenized T-Bill issuers include Ondo Finance, Maple Finance, Matrixport, and Backed Finance, accordi Show less Read more
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