Moody’s Tests On-Chain Credit Ratings for Solana Tokenized Assets
Summary
- Moody’s said it is conducting a pilot project on the Solana (SOL) network to provide credit-rating information.
- Moody’s and Alphaledger are directly linking credit-rating information to tokenized municipal bonds to improve usability and trust for institutional investors.
- As tokenized real-world assets (RWA) expand, putting traditional finance credit-rating data on-chain could help attract institutional capital and support market development, the report said.
Forecast Trend Report by Period
Moody’s is running a pilot project on the Solana network to provide credit-rating information as it expands deeper into the blockchain-based tokenized asset market.
CoinDesk reported on June 17 that Moody’s has partnered with Alphaledger, a Solana-based company specializing in tokenization.
The project tokenized municipal bonds and linked Moody’s credit ratings directly to the tokens.
That would let investors check the credit quality of tokenized bonds traded on the blockchain.
Moody’s and Alphaledger aim to improve usability and trust among institutional investors by combining traditional finance credit-rating data with tokenized assets.
CoinDesk said the effort is notable because Moody’s, a credit-rating firm closely associated with traditional finance, is participating directly in blockchain infrastructure.
As the market for tokenized real-world assets, or RWAs, expands, putting traditional finance data such as credit ratings on-chain could help attract institutional capital and support the market’s development, according to the report.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
