Moody’s conducted testing of the implementation of municipal bond credit ratings on the Solana blockchain as part of an experiment in real asset tokenization (RWA). Together with the startup Alphaledger, a pilot project was implemented, during which the credit rating provided by Moody’s was automatically attached to the tokenized municipal bond on the Alphaledger platform. An API was used to transfer data from Moody’s off-chain systems to the public Solana blockchain. This test demonstrates the potential for integrating traditional financial instruments with blockchain technology, providing transparency and access to real-time credit ratings. According to Alphaledger's CEO Manish Dutta, the project could become a scalable model for increasing the liquidity of real assets. Moody’s plans to continue research, including the potential application of the technology to other fixed-income products such as corporate bonds.
