BlockBeats News, June 11, according to a report by 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. The trial utilized an API to directly integrate Moody's rating data into tokenized securities on the blockchain, providing institutional investors with real-time and reliable credit information.
This initiative is expected to drive the development of real-world asset (RWA) tokenization. Boston Consulting Group and Ripple predict that this market could reach a size of $18.9 trillion by 2033. Moody's stated that it will continue to explore the application of its ratings in the digital financial ecosystem and may extend this to other fixed-income products such as corporate bonds in the future.
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