Moody's tests municipal bond credit rating on Solana blockchain

BlockBeats News: On June 11th, according to CoinDesk, global credit rating giant Moody's and tokenization startup Alphalaedger completed testing of embedding municipal bond credit ratings on the Solana blockchain. This experiment integrates Moody's rating data directly into tokenized securities on the blockchain through an API, providing institutional investors with real-time and trustworthy credit information. This initiative is expected to drive the tokenization of Real World Assets (RWA), with Boston Consulting Group and Ripple predicting that the 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 finance ecosystem and may expand to other fixed income products such as corporate bonds in the future.