Particula assigns an A rating to the issuance of the $USTBL token by NexBridge as of April 2, 2025.
Particula Rating Report: Etherfuse ($CETES), March 2025
Particula assigns a BB rating to the issuance of the $CETES token by Etherfuse as of March 31, 2025.
Particula Rating Action: Anemoy ($JTRSY), May 2025
Particula has upgraded the rating of the Janus Henderson Anemoy Treasury Fund ($JTRSY) token from A+ to
AA+ as of May 7, 2025.
Particula Rating Abstract: Blockstream Mining Note (BMN2), March 2025
Particula assigns an AA- rating to the issuance of the Blockstream Mining Note (BMN2) token by Blockstream Mining as of March 5, 2025. BMN2 token represents an unsecured note facilitating a revolving loan facility for Bitcoin mining.
Particula Rating Report: Wellington ($ULTRA), February 2025
Particula assigns an AA+ rating to the issuance of the Delta Wellington Ultra Short Treasury On-Chain Fund token ($ULTRA) by Delta Master Trust as of February 17, 2024.
Particula Rating Abstract: SPIKO ($USTBL), January 2025
Particula assigns an AA rating to the issuance of the USTBL token by Spiko SICAV as of January 22, 2025.
Particula Rating Abstract: Backed ($bIB01), September 2024
Particula assigns an A rating to the issuance of the bIB01 $ Treasury Bond 0-1 yr token by Backed as of September 18, 2024.
Particula Rating Report: Anemoy ($LTF), September 2024
Particula assigns an A+ rating to the issuance of the Liquid Treasury Fund 1 ($LTF) token by Anemoy as of September 9, 2024, with a positive outlook. The $LTF token primarily reflects participation in U.S. Treasury Bills.
Issuer Spotlight: Backed
Backed is a tokenized asset issuer bridging financial assets on-chain that has recently secured $9.5 million in a Series A funding round to enhance its private tokenization services, connecting asset managers and funds with blockchain technology.