PANews reported on June 11 that according to CoinDesk, Moody's Ratings has completed a pilot with Alphaledger to embed municipal bond credit ratings into tokenized securities issued on the Solana blockchain. The pilot submitted Moody's rating data from the off-chain system to the Solana chain through an API, demonstrating the possibility of providing real-time credit information for RWA assets. Moody's said it is considering expanding to fixed-income products such as corporate bonds in the future.