Moody’s Ratings is extending its credit ratings to Solana (SOL), allowing issuers of tokenized bonds and other fixed income securities to incorporate the company’s assessments directly into blockchain-based assets.
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 institution-focused Canton Network (CC).
The move builds on a pilot project completed last year, when they demonstrated how municipal bond ratings could be linked 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.
As tokenization gains traction, financial companies are increasingly focused on bringing the infrastructure surrounding traditional assets onto blockchain rails. That includes property records, pricing data, compliance information and credit ratings.
