Moody’s Ratings is rolling out a credit rating for Solana (SOL), allowing issuers of tokenized bonds and other debt securities to incorporate the company’s rating directly into their blockchain-based assets.
The move, announced Wednesday in partnership with Solana-focused tokenization specialist Alphaledger, will extend Moody’s Token Integration Engine (TIE) to major public blockchains after it was first deployed on the institutional-focused Canton Network (CC) earlier this year.
The move builds on a pilot project completed last year that demonstrated how municipal bond ratings could be assigned directly to tokenized securities on Solana.
Tokenization, the process of creating blockchain-based versions of traditional assets, is one of the fastest growing areas in finance. Asset managers such as BlackRock, Franklin Templeton and Apollo have launched tokenized funds and credit products, and Boston Consulting Group and Ripple estimate the market will reach $18.9 trillion by 2033.
As tokenization gains momentum, financial companies are increasingly focused on bringing the infrastructure surrounding traditional assets onto blockchain rails. This includes ownership records, pricing data, compliance information, and credit ratings.
