Moody’s rolls out credit ratings on Solana in tokenized asset push
Key takeaways
- The move builds on a pilot project completed last year, when they demonstrated how municipal bond ratings could be attached directly to tokenized securities on Solana.
- Tokenization — the process of creating blockchain-based versions of traditional assets — has become one of the fastest-growing areas of finance.
- As tokenization gains traction, financial firms are increasingly focused on bringing the infrastructure surrounding traditional assets onto blockchain rails.
The move, announced Wednesday in partnership with Solana-focused tokenization specialist Alphaledger, expands Moody's Token Integration Engine (TIE) to a major public blockchain after its first deployment earlier this year on the institutional-focused Canton Network (CC).
The move builds on a pilot project completed last year, when they demonstrated how municipal bond ratings could be attached directly to tokenized securities on Solana.
Tokenization — the process of creating blockchain-based versions of traditional assets — has become one of the fastest-growing areas of finance. Asset managers including BlackRock, Franklin Templeton and Apollo have launched tokenized funds and credit products, while Boston Consulting Group and Ripple estimate the market could reach $18.9 trillion by 2033.