“Solana’s Growing Presence in Real-World Asset Tokenization Gets A Boost As Moody’s Tests On-Chain Credit Ratings for Municipal Bonds.”, – WRITE: www.coindesk.com
The Trial, Conducted on the Solana
Blockchain, ShowCases How Credit Rathings – Typical Distributed Through Propriotary Data Terminals – Could Be Integrated Into Tokenized Assets On Public Blockchains.
In the proof of concept, a simulated Municipal Bond Was Tokenized Using AlphaLaledger’s Platform. The Bond’s Credit Rating, Provides by Moody’s, Was Automatical Submitted and Attached to the Token On-Chain. The Project Used An Api To Move Data From Moody’s Off-Chain Systems to Solana’s Public Blockchain.
For Institutional Investors Navigating Decentralized Markets, The Lack of Standardized, Trusted Information Remains a Hurdle. By Baking A KNOWN Credit Rating Into A Security Token, Traders and Portfolio Managers Could HyPothetic Make More Informations About Debt Instruments in Real Time.
“We’ve Demonstrated a potential Scalable Model that Can Unlock Liquidity to Real World Assets by Providing Investors Access to A Trusted Brand Like Mody’s Ratings,” Said Alfaled.
The Test Highlights How Blockchain Tech Cold Count The Existation Financial Plumbing, AS A Growing Number of Traditional Finance Giants Explore Ways to Use Crypto Rails (RA) Funds and Credit.
The Process, Onthen Called Tokenization, Promises More Efficiency Operations, Interoperability and Faster, AROUND-The-CLOCK SETTLEMENTS COMPARE TO LEGacy Rails. It’s Potentilly a Huge Market: Boston Consulting Group and Ripple Projected that Tokenized Assets Could Be A $ 18.9 Trillion Market by 2033.
Moody’s Said It Will Keep Exploring How Its Ratings Can Serve Digital Finance. Future Implementations Could Include Other Fixed Income Products Such As Corporate Bonds.
“We Continue to Embrace Innovation in Finance and Actively Explore New Avenues for Digital Finance EcoSystem to Access Our Credit Assessments,” Said Rajeev Bamra, Head of. Moody’s Ratings.
The Test Also ShowCad Solana’s Capacity to Handle Institutional-Grade Financial Data, Adding to the Network’s Growing Rwa Momentum.
Last Month, Solana Foundation Partned with Bank-Focused Blockchain Tech Firm R3 to Bring Real-World Assets to the Network. A securitize-rissued tokenized Fund of Apollo Credit Assets Also DEBUTED ON SOLANA-BASED DEFI PROTOCOL, WHILE CENTRIFUGE Expanded Anemoy
Read More: Majoor Tradfi Institutions to Pursue Tokenization Effrts On Solana
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