Moody’s Scores is rolling out its credit score scores to Solana (SOL), permitting issuers of tokenized bonds and different fixed-income securities to embed the agency’s assessments straight into blockchain-based property.
The transfer, introduced Wednesday in partnership with Solana-focused tokenization specialist Alphaledger, expands Moody’s Token Integration Engine (TIE) to a serious public blockchain after its first deployment earlier this 12 months on the institutional-focused Canton Community (CC).
The transfer builds on a pilot venture accomplished final 12 months, once they demonstrated how municipal bond scores could possibly be hooked up on to tokenized securities on Solana.
Tokenization — the method of making blockchain-based variations of conventional property — has turn into one of many fastest-growing areas of finance. Asset managers together with BlackRock, Franklin Templeton and Apollo have launched tokenized funds and credit score merchandise, whereas Boston Consulting Group and Ripple estimate the market may attain $18.9 trillion by 2033.
As tokenization positive factors traction, monetary companies are more and more centered on bringing the infrastructure surrounding conventional property onto blockchain rails. That features possession data, pricing information, compliance data and credit score scores.
