Moody's tests municipal bond credit ratings on the Solana chain
ChainCatcher news, according to CoinDesk, global credit rating giant Moody's has completed a test with tokenization startup Alphaledger to embed municipal bond credit ratings on the Solana blockchain. This experiment integrates Moody's rating data directly into tokenized securities on the blockchain via API, providing institutional investors with real-time and reliable credit information.
This initiative is expected to drive the development of real-world asset (RWA) tokenization, with Boston Consulting Group and Ripple predicting that the market could reach $18.9 trillion by 2033. Moody's stated that it will continue to explore the application of its ratings in the digital financial ecosystem, potentially expanding to other fixed income products such as corporate bonds in the future.