Moody's Credit Ratings Are Coming for Tokenized Assets. What This Means For Solana Might Surprise You.
The credit ratings giant is making it even easier to invest in tokenized assets.
Moody's Credit Ratings Are Coming for Tokenized Assets. What This Means For Solana Might Surprise You.
Overview
Moody's (NYSE: MCO), one of the largest providers of financial data in America, recently expanded its credit rating services to cover tokenized bonds and fixed-income securities. To accomplish this, it's putting its credit ratings directly on Solana's (CRYPTO: SOL) blockchain. Let's see why Moody's is making that shift, and what it means for Solana's future.
Image source: Getty Images.
Trading bonds is still an old-fashioned, byzantine process compared to trading stocks. With bonds, you still need to go through massive networks of middlemen (brokers, clearinghouses, and custodians) and submit manual paperwork. That's why it's still impossible to buy a bond or other fixed-income security within a few seconds, as with a publicly traded stock.
Details
Source
Originally published at www.fool.com.
