Moody’s rolls out credit ratings on Solana in tokenized asset push
Moody’s Rankings is rolling out its credit score scores to Solana (SOL), permitting issuers of tokenized bonds and different fixed-income securities to embed the agency’s assessments straight into blockchain-based belongings.
The transfer, introduced Wednesday in partnership with Solana-focused tokenization specialist Alphaledger, expands Moody’s Token Integration Engine (TIE) to a significant public blockchain after its first deployment earlier this 12 months on the institutional-focused Canton Community (CC).
The transfer builds on a pilot undertaking accomplished final 12 months, after they demonstrated how municipal bond scores might be hooked up on to tokenized securities on Solana.
Tokenization — the method of making blockchain-based variations of conventional belongings — has grow to be one of many fastest-growing areas of finance. Asset managers together with BlackRock, Franklin Templeton and Apollo have launched tokenized funds and credit score merchandise, whereas Boston Consulting Group and Ripple estimate the market might attain $18.9 trillion by 2033.
As tokenization features traction, monetary companies are more and more targeted on bringing the infrastructure surrounding conventional belongings onto blockchain rails. That features possession data, pricing information, compliance info and credit score scores.
