Morningstar plans to offer ratings for crypto assets
Morningstar Credit Ratings is planning an evaluation system for debt securities issued as tokens on a blockchain to make the emerging asset class more credible for investors, CoinDesk reports. The rating agency also plans to launch a premium custom service that uses its internal modeling to help a client evaluate such investments. Michael Brawer, chief operating officer at Morningstar Credit Ratings, said in a Forbes interview that billions of dollars investment would enter the crypto space as the new rating services can make the new asset class more credible.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.