Solana Becomes First Chain With Moody's Ratings

Solana becomes the first major public blockchain to carry Moody’s credit ratings in machine-readable form through Alphaledger.

Solana (SOL) has become the first major public, permissionless blockchain to carry Moody's Ratings credit assessments in a machine-readable format. The milestone comes through a new integration between Moody's Ratings and Alphaledger, a tokenization platform built for institutional fixed-income assets, announced Wednesday

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Issuers of tokenized bonds and other fixed-income securities on Alphaledger's platform can now have Moody's credit ratings

directly onto the Solana blockchain. Nick Ducoff, head of institutional growth at the Solana Foundation, said the integration adds transparency and accessibility for tokenized real-world assets (RWAs) on the network.

Built on a 2025 Devnet Pilot

The deployment builds on a proof-of-concept Moody's completed on Solana's devnet in June 2025 before scaling to the live network. It follows a separate rollout in March 2026 on the Canton Network, a permissioned institutional blockchain, where Moody's became the first credit rating agency capable of delivering ratings on an institutional-grade blockchain.

Rajeev Bamra, head of digital economy strategy at Moody's Ratings, said investors need independent credit analysis wherever they transact, and that this increasingly means on-chain. Alphaledger CEO Manish Dutta said the integration gives on-chain markets the same trusted credit signal used in traditional fixed income markets, removing the need for a separate intermediary lookup.