Moody’s Investors Service, a division of Moody’s Corporation, has awarded an investment-grade “A-bf” rating to OpenEden’s tokenized U.S. Treasury bills (T-bills). This is a significant achievement for OpenEden, as it is the first and only tokenized U.S. T-bill product globally to receive a rating from a major credit rating agency.
Hill Lights International Ltd is the legal entity responsible for the creation and issuance of TBILL tokens on behalf of OpenEden. It manages the underlying assets (U.S. Treasury bills) and ensures the proper functioning of the tokenization process.
The A-bf rating indicates that Moody’s views OpenEden’s tokenized T-bills as a high-quality investment with a low risk of default. This is due to the underlying asset being U.S. Treasury bills, which are considered to be one of the safest investments in the world.
This rating is a major vote of confidence in OpenEden’s platform and could help to accelerate the adoption of tokenized assets in the decentralized finance (DeFi) ecosystem. It also highlights the growing interest from traditional financial institutions in the potential of blockchain technology.
Source: ANI