Morningstar Rating Agency takes crypto tokens on board
The Morningstar Rating Agency, one of the most dominant companies in the field of debt securities, will take over the crypto sector and create ratings for digital assets, Forbes reported. The influence of Morningstar extends to millions of investors and thousands of financial advisers.
Tracking digital tokens
Morningstar will build a bridge between its debt securities business and blockchain by offering cryptographic rating services. Morningstar has experience in valuing some of Gigantic’s best-known mutual funds such as Prudential, Morgan Stanley and TD Ameritrade. Now, the rating agency is preparing to evaluate a blockchain-based security or crypto token backed by real assets.
Wow – huge development
Morningstar has announced it will rate crypto assets!
Has 853482106 employees Is used by 7 million individual investors
245 000 financial advisors
& 4, 48 institutional investors
Huge impact as a research & analytical tool
– Bruce Fenton (@brucefenton) October 2 4500
, Chief Operating Officer of Morningstar Credit Ratings, who oversees the company’s internal strategy.
We also look at how we can provide credit ratings, be it a rating or various types of credit data and credit analysis accompanying these debt securities, and we also look to offer our services on a block chain.
Unlike Weiss Ratings, Morningstar will not look at open networks or already issued utility tokens. Instead, the company will focus on security tokens (security tokens) – a new kind of asset that is less common within the crypto-ecosystem. Securities tokens have been sold
Morningstar the aspiring rating agency
Morningstar is a $ 6.4 billion emerging rating firm. Revenue was over $ 1 billion recently, joining established giants like Fitch Ratings, Moody’s and Standard & Poor’s.
So far, Morningstar has a limited selection of clients, including a startup that offers a process of issuing blockchain-based securities. The company also deals with a startup that securitates small loans on the Ethereum Blockchain. Morningstar could give more legitimacy to these projects and possibly free up new funding for certain types of projects.