Moody’s Ratings is rolling out its credit ratings to Solana (SOL), allowing issuers of tokenized bonds and other fixed-income securities to integrate company ratings directly into blockchain-based assets.
The move, announced Wednesday in partnership with Solana-focused tokenization specialist Alphaledger, extends Moody’s Token Embedding Engine (TIE) to a major public blockchain after its first deployment earlier this year on the institutionally-focused Canton Network (CC).
The move builds on a pilot 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 such as 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.
As tokenization gains traction, financial companies are increasingly working to bring the infrastructure surrounding traditional assets on the blockchain track. This includes property records, pricing data, compliance information and credit scores.
