On June 17, Moody’s Ratings announced a major expansion of its Token Integration Engine (TIE) to the Solana blockchain through a partnership with Alphaledger, which is a leading platform in tokenizing institutional fixed-income assets. The integration is the first time that Moody’s credit ratings are directly available as machine-readable data on a major public blockchain network.
This expansion of Moody’s Ratings will allow issuers of tokenized bonds and other fixed-income securities to integrate Moody’s credit assessments into blockchain-based assets. Instead of using separate databases like PDF files, investors will be able to access trusted credit analysis within the digital asset, and it will also be available alongside the asset on-chain.
This integration is expected to remove a major hurdle for institutional capital. There are many pension funds, insurers, and asset managers directed to hold rated and investment-grade debt.
Moody’s Partners Alphaledger to Bring Ratings On-Chain to Solana
The integration of TIE on Solana is coming after the first deployment of TIE on the institutional-based Canton Network in March 2026. This development is taking place on a proof of concept that Moody’s and Alphaledger completed on Solana’s test network in June 2025.
Rajeev Bamra, Executive Director & Head of Digital Economy Strategy at Moody’s Ratings, said in a press release that “Investors need independent credit analysis wherever they transact, and increasingly, that’s on-chain. TIE is deliberately network-agnostic because so is credit risk. The networks will keep multiplying, and the importance of having access to independent, decision-grade credit insights on those networks will only grow.”
The expansion is coming at a time when the tokenized real-world assets have soared over $32 billion in 2026, thanks to the boom in tokenized Treasuries and bonds. While Ethereum is still holding a top spot for RWAs, Solana is also rapidly expanding its network for tokenized assets. According to rwa.xyz, the distributed asset value on Solana is around $2.97 billion. The integration of Moody’s Ratings will create another layer to Solana’s rapidly growing real-world asset.
Manish Dutta, CEO, Alphaledger, stated in the press release,”Credit ratings have always been a language institutions use to price risk – but until now that language stopped at the blockchain’s edge. By integrating Moody’s Ratings directly into the assets we tokenize, we’re giving on-chain markets the same trusted credit signal that is used in the traditional fixed-income world, with no intermediary lookup required. For the municipal market in particular, this is what makes tokenized debt genuinely institutional-grade.”
Nick Ducoff, Head of Institutional Growth, Solana Foundation, mentioned in the press release, “Solana is built to support institutional finance at scale and is now the first public, permissionless blockchain capable of having Moody’s Ratings credit ratings integrated and machine-readable on-chain. The integration with Alphaledger helps make tokenized real-world assets on Solana more transparent, interoperable, and accessible to investors globally.”
The Token Integration Engine (TIE) is like a bridge between Moody’s off-chain credit analysis and the blockchain ecosystem.
In this integration, the issuer will first tokenize a bond, such as a municipal bond, by using the Alphaledger platform called Vulcan Forge on the Solana blockchain. The data related to that bond is then sent to Moody through a secure application programming interface. For this, Moody conducts its standard credit analysis and gives a rating to that particular bond.
The rating given by Moody is then transferred on-chain and integrated into the token metadata. These token holders can see the credit rating linked to the tokenized asset.
The main purpose of Moody’s integration on Solana will provide credibility to tokenized assets on the blockchain network.
Amid the growing regulatory clarity and institutional adoption, real-world assets have witnessed impressive growth following the growing demand for tokenized stocks. One of the major developments was the launch of SPCX, a tokenized version of SpaceX stock issued by BackPack Securities in partnership with Sunrise DeFi. The token was rolled out on the same day that SpaceX started trading on the Nasdaq stock exchange.
