BACK TO DIGITAL TRANSFORMATION

What are digital assets?

Digital assets are financial assets in digital form that have value. In this world of digital transformation, traditional financial services are now integrating with new and emerging technologies.

Digital assets will reshape the financial industry in the coming years by changing the way market participants invest, raise financing, and transfer funds. 

At Moody’s, we’re tracking global developments that can bridge the gap between the digital and traditional finance worlds. 

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Deep dive into key areas of digital assets

Blockchain

Blockchain consists of a list of records, called blocks, that are securely linked together using cryptography. Blockchains are often immutable, meaning entries cannot be modified. This provides a single source of truth to market participants while enabling the creation of solutions that do not rely on a single entity.



What is blockchain?

Business applications

Tokenization and digital bonds

Tokenization is the process of turning a real asset into a digital token that exists on a blockchain, and enables the transfer of economic value or legal rights without intermediaries.



What is digital bonds?

Business applications

Central bank digital currencies (CBDC)

Central Bank Digital Currencies (CBDC) are digital liabilities of a central bank that can be used for payments. CBDCs are managed on a digital ledger, which can be a blockchain, although it doesn’t have to be. Retail CBDCs are available to the general public while wholesale CBDCs are only available to eligible participants, usually banks.



What is CBDC?

What is the status of main CBDC projects?

Cryptocurrencies and stablecoins

A cryptocurrency is a digital currency secured with cryptography and generally issued on a blockchain, and a stablecoin is a cryptocurrency whose price is pegged to a reference asset.



What are cryptocurrencies?

Cryptocurrency at a glance

Blockchain consists of a list of records, called blocks, that are securely linked together using cryptography. Blockchains are often immutable, meaning entries cannot be modified. This provides a single source of truth to market participants while enabling the creation of solutions that do not rely on a single entity.



What is blockchain?

Business applications

Tokenization is the process of turning a real asset into a digital token that exists on a blockchain, and enables the transfer of economic value or legal rights without intermediaries.



What is digital bonds?

Business applications

Central Bank Digital Currencies (CBDC) are digital liabilities of a central bank that can be used for payments. CBDCs are managed on a digital ledger, which can be a blockchain, although it doesn’t have to be. Retail CBDCs are available to the general public while wholesale CBDCs are only available to eligible participants, usually banks.



What is CBDC?

What is the status of main CBDC projects?

A cryptocurrency is a digital currency secured with cryptography and generally issued on a blockchain, and a stablecoin is a cryptocurrency whose price is pegged to a reference asset.



What are cryptocurrencies?

Cryptocurrency at a glance




Contact us


Fabian Astic

Managing Director - Digital Economy

fabian.astic@moodys.com

Vincent Gusdorf

Senior Vice President - Digital Economy

vincent.gusdorf@moodys.com

Rajeev Bamra

Senior Vice President - Digital Economy

rajeev.bamra@moodys.com