OpenEden tapped BNY Mellon to manage and safeguard assets for its Moody’s “A”-rated tokenized US Treasury fund, marking ...

The Bank of New York Mellon Corporation will be the custodian for OpenEden’s Tokenized US Treasury Bills Fund, TBILL.

Moody’s recent downgrade of U.S. Treasury debt makes it unanimous. Earlier this month, it joined Standard & Poor’s, which issued its downgrade way back in 2011, and Fitch, which followed in 2023. All ...

TREASURY SECRETARY SCOTT BESSENT DISMISSES MOODY'S US CREDIT DOWNGRADE AS 'LAGGING INDICATOR' All three leading credit rating agencies have downgraded the U.S. credit rating from the top tier. (J.

Treasury Secretary Scott Bessent said the U.S. government will never default on its debt obligations as Congress faces a debt limit deadline in the wake of a credit downgrade.

In other words, the Moody's downgrade wasn't so much a shock in terms of its review of the U.S. fiscal situation as it was in terms of its timing. It came in the midst of the House negotiating a ...