Moody’s Corp. (NYSE: $MCO) is placing its credit ratings on the Solana (CRYPTO: $SOL) network as it pushes further into tokenized assets.
Going forward, Moody’s is allowing issuers of tokenized bonds and other fixed-income securities to embed its assessments directly into blockchain-based assets.
The move, announced in partnership with Solana-focused tokenization specialist Alphaledger, expands Moody’s Token Integration Engine to a public blockchain.
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The move builds on a pilot project completed last year, when Moody’s successfully demonstrated how municipal bond ratings could be attached to tokenized securities on Solana.
Tokenization is the process of creating blockchain-based versions of traditional assets such as stocks and bonds. It is one of the fastest-growing areas of finance.
Asset managers such as BlackRock (NYSE: $BLK) and Franklin Templeton have also launched tokenized funds and credit products in recent months.
The Boston Consulting Group has forecast that the market for tokenized assets could reach $18.9 trillion U.S. by 2033.
For bond investors, ratings from companies such as Moody’s are key to evaluating credit worthiness and risk.
Embedding that information directly into tokenized securities could make it easier for investors to access credit assessments, says Moody’s.
The Moody’s initiative also reinforces the Solana network’s role as a leader in tokenized assets.
MCO stock has declined 8% this year to trade at $458.15 U.S. per share.
