Moody's Ratings has extended its credit rating services to the Solana blockchain, enabling issuers of tokenized bonds and fixed-income securities to integrate Moody's assessments directly into blockchain-based assets. This initiative, announced in collaboration with Solana-focused tokenization firm Alphaledger, marks the expansion of Moody's Token Integration Engine (TIE) to a major public blockchain, following its initial deployment on the Canton Network earlier this year.
The move follows a successful pilot project last year, where Moody's demonstrated the integration of municipal bond ratings with tokenized securities on Solana. As tokenization continues to grow rapidly, with projections suggesting the market could reach $18.9 trillion by 2033, financial institutions are increasingly adopting blockchain technology to manage traditional asset infrastructure, including ownership records, pricing data, compliance, and credit ratings.
Moody's Expands Credit Ratings to Solana for Tokenized Assets
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