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Global credit rating agency Moody’s Ratings has granted an “A-bf” bond fund rating to Hill Lights International Limited, responsible for the issuance of OpenEden’s tokenized United States Treasury bills, known as TBILL Tokens.&nbsp;
The “A-bf” rating is a high credit rating, suggesting that the bond fund is viewed as having a strong capacity to meet its financial goals. A superior grade would be the classic triple-A (AAA) rating. Moody’s is considered one of the top three global credit rating agencies, alongside Standard &amp; Poor’s and Fitch Ratings. 
The fund primarily invests in U.S. Treasury bills or government securities. They are considered a safe investment since they are backed by the U.S. government. 
Tokenization is the process of converting rights to an asset into a digital token on a blockchain. It allows assets, ranging from bonds to real estate and artworks, to be traded online. 
OpenEden’s TBILL is only available for institutional investors. It has over $36 million in total value locked at the time of writing, promising an estimated annual return of 4.99% while charging a transaction fee of 0.05%. According to the company’s website, the fund allows users to access U.S. Treasurys through smart contracts without restrictions on trading hours or location.
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 Source: <a href="https://x.com/Eug_Ng/status/1803425520085823669" target="_blank" rel="noopener nofollow">Eugene Ng</a>
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Moody’s has rated several tokenized bonds in the past, including those issued by the European Investment Bank (EIB).
<h3 id="t-bills-onchain">T-bills onchain</h3>
Over $1.5 billion in U.S. Treasurys have now <a href="https://dune.com/21co/tokenization-government-securities" target="_blank" rel="noopener nofollow">been</a> tokenized, marking a significant milestone in the integration of traditional finance with blockchain technology. 
Traditional Wall Street players like BlackRock and Franklin Templeton <a href="https://cointelegraph.com/news/us-treasurys-tokenized-on-chain-hit-1-billion">are driving this trend</a>. BlackRock recently launched the USD Institutional Digital Liquidity Fund (BUIDL), which rapidly grew to manage a significant portion of the market with $462.7 million in assets. Franklin’s OnChain U.S. Government Money Fund (FOBXX) holds $357.6 million and is tokenized on both the Stellar and Polygon blockchains.
In April, Woo X Exchange launched what is claimed as the world’s first tokenized T-bills for retail customers, allowing investors to earn yield on USD Coin (<a href="https://cointelegraph.com/usdc-price-index">USDC</a>) holdings backed by U.S. T-bills. 
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/crypto-voters-are-already-affecting-the-2024-presidential-election/">Crypto exposes sudden rift among Democrats months ahead of election</a>

Moody’s assigns ‘A-bf’ rating for OpenEden’s tokenized fund

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