Moody's Live Ratings Land on Solana in Public Blockchain First
Moody's Ratings has embedded its live ratings onto Solana (SOL), marking a significant milestone in the adoption of public blockchain technology. The move follows a successful devnet trial in June 2025, where Moody's tested its Token Integration Engine on U.S. municipal bonds. The engine writes credit ratings into tokenized bond metadata, allowing smart contracts to read live rating fields rather than stale snapshots.
The rollout scales up from the Canton Network, which is a permissioned chain limited to vetted members. Now, any wallet or protocol can query the Solana data without credentialing. Moody's plans to expand its Token Integration Engine to corporate and structured finance instruments, as well as other chains, as tokenization grows.
Solana has seen significant institutional progress in recent months, with Western Union, BlackRock, Franklin Templeton, and Apollo building tokenized assets on the chain. However, Solana's token price has lagged behind this progress, trading near $72 on June 18, down about 13% over the past month.
Rajeev Bamra, who leads digital economy strategy at Moody's, framed credit risk as network-agnostic and said investors increasingly transact on-chain. Nick Ducoff of the Solana Foundation called the network ready for institutional finance at scale.