Moody's Ratings has expanded its Token Integration Engine to Solana through a partnership with tokenisation platform Alphaledger, enabling credit ratings to be embedded directly into tokenised bonds and fixed-income securities. The deployment follows a pilot completed on Solana in 2025 and a separate launch on the Canton Network in March 2026. The expansion responds to accelerating tokenisation across financial markets, where Boston Consulting Group and Ripple project the sector could reach US$18.9 trillion (AU$26.84 trillion) by 2033 as institutions including BlackRock, Franklin Templeton, and Apollo introduce blockchain-based funds and credit products.
Moody's Integrates Credit Ratings Into Solana Tokenised Securities
Solana became the first major public, permissionless blockchain to support Moody's Ratings credit assessments in machine-readable format. Issuers using Alphaledger's platform can attach Moody's credit ratings to tokenised bonds and related instruments on-chain. The initiative extends Moody's Token Integration Engine beyond its earlier deployment on the Canton Network, an institutional-focused blockchain.
The rollout builds on a pilot completed on Solana in 2025 that demonstrated how municipal bond ratings could be linked directly to tokenised securities. Moody's subsequently expanded its blockchain-based ratings infrastructure with a launch on Canton in March 2026 before extending the technology to Solana's live network. Moody's stated that embedding ratings directly into securities enables investors and applications to obtain credit assessments without relying on external databases or terminals.
Rajeev Bamra, head of digital economy strategy at Moody's Ratings, said, "Investors need independent credit analysis wherever they transact, and increasingly, that's onchain."
Institutional Adoption Drives Tokenisation Market Growth
The development occurs amid rapid growth in the tokenisation sector, where traditional financial assets are represented on blockchain networks. BlackRock, Franklin Templeton, and Apollo have introduced tokenised funds and credit products. Boston Consulting Group and Ripple estimate the market could reach US$18.9 trillion (AU$26.84 trillion) by 2033.
FAQ
What did Moody's do on Solana?
Moody's expanded its Token Integration Engine to Solana through a partnership with Alphaledger, allowing credit ratings to be embedded directly into tokenised bonds and fixed-income securities on the blockchain.
When did Moody's complete its Solana pilot?
Moody's completed a pilot on Solana in 2025 that demonstrated how municipal bond ratings could be linked to tokenised securities. The company launched on the Canton Network in March 2026 before extending to Solana's live network.
How large could the tokenisation market become by 2033?
Boston Consulting Group and Ripple project the tokenisation market could reach US$18.9 trillion (AU$26.84 trillion) by 2033 as institutions including BlackRock, Franklin Templeton, and Apollo introduce blockchain-based financial products.
