Digital Economy at Moody's Ratings

Connecting the dots between tradition and digital economy

In a rapidly evolving financial landscape driven by digital innovation, making confident decisions is more challenging than ever.
 

Moody’s Ratings brings clarity to digital finance markets, helping you navigate risk related to blockchain, tokenized assets, AI, and cyber with trusted insights and global expertise.


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Outlook

There's a new kid on the block(chain)

Moody’s breaks new ground, becoming the first credit rating agency to deliver independent credit analysis on-chain.

The growing convergence of technology, capital, and risk is reshaping credit and finance. Traditional finance and crypto markets are merging into a single digital ecosystem, where institutions increasingly coordinate activity, manage risk, and move assets through digital workflows and platforms.





Tokenized liquidity funds: Money Market Fund Assessments in the digital economy

A Money Market Fund Assessment (MMF) is an opinion of the investment quality of shares in mutual funds and similar investment vehicles that principally invest in short-term fixed income obligations.

Our MMF assessment framework extends to tokenized funds by evaluating both the quality of the underlying portfolio and the operational and technological considerations introduced by tokenization. This approach enables the application of a consistent assessment framework to both traditional and tokenized fund structures, incorporating analysis of underlying portfolio quality alongside operational and technological considerations.


BlackRock USD Institutional Digital Liquidity Fund Ltd

A tokenized liquidity fund designed to preserve capital and provide liquidity on demand through investments in cash, short-term U.S. Treasury instruments, and secured repurchase agreements. The fund maintains a short maturity profile, supporting a high-quality and highly liquid investment profile.

Learn more

Fidelity USD Digital Liquidity Fund SP

A digitally native liquidity fund issuing tokenized units on blockchain infrastructure, designed to deliver high liquidity, including near-instant and 24/7 redemption capabilities, subject to available liquidity. The fund follows a conservative investment strategy aligned with traditional low-volatility net asset value (LVNAV) money market funds.

Learn more




Abstract blue particles forming waves on a dark background

Moody's Ratings Token Integration Engine™ (TIE) Expands to Solana

A network-agnostic capability connecting Moody's credit ratings to tokenized assets and blockchains — now live on Solana through Alphaledger.





Introducing Moody's Stablecoin Rating Methodology 

The first such framework for assigning deposit ratings to fiat-backed stablecoins, evaluating reserve asset quality, segregation, and liquidity globally.




Moody's Stablecoin




Introducing Moody's Ratings Token Integration Engine™ (TIE)

A network-agnostic capability connecting Moody's institutional-grade credit ratings and data to the expanding universe of tokenized assets and blockchains.





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Moody's Ratings by the numbers


Total rated debt

45+

Digital issuances rated1


Total rated debt

$6.9B+

Digital issuances rated1


Digital economy related reports published

170+ 

Digital Economy related reports published2


Economy related reports published

36,000+

Reads of Digital Economy related reports2



1. Digital issuance refers to Digital Bonds and Tokenized Funds. The metric is calculated based on the number of issuances. The figures cover the period from 1 January 2018 through 2 February 2026. Source: Moody’s Ratings

2. The figures cover reports on artificial intelligence, cyber risk and digital transformation topics published from January 2025 through December 2025. Source: Moody’s Ratings



Why Moody’s Ratings


Experienced team with digital expertise

Our dedicated Digital Economy team combines deep knowledge of AI, blockchain, and cybersecurity with over 125 years of credit rating experience.

Meet our team


Credibility

Independent, forward-looking opinions backed by a robust analytical framework and global recognition.

About us


Global recognition

Award-winning expertise in credit ratings, research, and risk analysis for digital finance.

Awards



Thought leadership


Cybersecurity risks to critical sectors of the global economy

We examine how cybersecurity threats affect creditworthiness and industry resilience – and how to prepare for what’s next. 



cyber



Awards

Moody’s Ratings is recognized as Best Digital Asset Ratings Provider by The BeInCrypto x Proof of Talk Institutional 100.

Learn more about our industry awards and recognition: moodys.com/awards/ratings


Best Digital Asset Ratings Provider by The BeInCrypto x Proof of Talk Institutional 100

Podcasts

Tokenized assets and the future of finance: Gradual change, big implications

Tokenized assets and digital money like stablecoins could transform how money moves, but not overnight.

See episode

Global shocks trigger uneven credit outcomes for emerging markets

Emerging markets have faced a pandemic, trade disputes and geopolitical conflict, yet many have proven surprisingly resilient.

See episode

How new digital systems will transform credit markets

New and emerging digital technologies are connecting previously siloed areas of finance.

See episode



On-demand events

moodys
16
Apr
event
Demystifying staking

Staking is a cornerstone of many public blockchains and a key driver of returns across the digital asset market. This session offers a clear, accessible introduction to the mechanics behind staking, the rise of liquid staking, and how regulated products are making these exposures easier to incorporate into institutional portfolios, without requiring deep technical expertise.

moodys
18
Mar
event
Digital Frontiers 2026

Digital Frontiers brought together over 350 participants from across finance, technology, and policy to take stock of how digital finance is reshaping the way risk is understood and managed.

moodys
14
Jan
event
2026 Digital Finance Outlook

Shared new digital technology is driving convergence among once distinct areas of finance. As financial rails have been updated for blockchain based systems as well as AI tools, the growth of tokenized credit, the digitalization of sustainability-linked instruments, and the emergence of stablecoins as settlement tools have helped to erase boundaries among areas such as transition finance, emerging markets finance and private credit. 



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