Moody’s Rankings is rolling out a credit standing for Solana (SOL), permitting issuers of tokenized bonds and different debt securities to include the corporate’s ranking immediately into their blockchain-based belongings.
The transfer, introduced Wednesday in partnership with Solana-focused tokenization specialist Alphaledger, extends Moody’s Token Integration Engine (TIE) to main public blockchains after first deploying it on the institutional-focused Canton Community (CC) earlier this yr.
The transfer builds on a pilot venture accomplished final yr that demonstrated how municipal bond rankings might be assigned on to tokenized securities on Solana.
Tokenization, the method of making blockchain-based variations of conventional belongings, is without doubt one of the quickest rising areas in finance. Asset managers corresponding to BlackRock, Franklin Templeton and Apollo have launched tokenized funds and credit score merchandise, and Boston Consulting Group and Ripple estimate the market will attain $18.9 trillion by 2033.
As tokenization positive aspects momentum, monetary corporations are more and more centered on bringing the infrastructure surrounding conventional belongings onto blockchain rails. This consists of possession information, pricing knowledge, compliance info, and credit score rankings.
