Moody’s Ratings is introducing its credit ratings for Solana (SOL), allowing issuers of tokenized bonds and other fixed income securities to embed the company’s ratings 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 following its initial deployment earlier this year on the institutionally 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 popularity, financial companies are increasingly focused on bringing the infrastructure around traditional assets onto blockchain. That includes ownership data, pricing data, compliance information and credit ratings.