• Days
  • Hours
  • Mins
  • Secs
  • Sun, 20 Oct 2019, 03:42 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Morningstar to offer ratings for crypto assets by end of 2019

Wed, 02 Oct 2019, 17:39 pm UTC

Chicago-based rating firm Morningstar plans to bring its services to the ethereum blockchain, as it seeks to begin rating blockchain-based debt securities.

According to Forbes, the rating firm has already worked on building models that provide accurate methods of rating blockchain-based securities. Hence, the new service could make inroads in moving on the $117 trillion global debt securities market using blockchain technologies, which is largely governed by custodians and trustees.

Speaking to the news outlet, Michael Brower, chief operating officer at Morningstar Credits Ratings, said that the new rating service can help establish the credibility of the new asset class. As such, billions of dollars’ worth of investment are expected to enter the crypto space.

We’re working very closely with a number of blockchain-oriented firms who are looking to issue debt instruments on blockchain,” Brawer said.

Morningstar Credit Ratings will offer publicly available ratings of one to five stars to the crypto assets and introduce a premium customs service that utilizes its internal modeling to help a client evaluate the investments.

Although its services cover government and corporate bonds, its blockchains have been limited to structured finance debits instruments by far. Further, its system for rating bonds will be placed directly on the ethereum blockchain and soon on other blockchains via a technology called an oracle.

We're looking to see how we can also provide credit opinions, whether it’s a credit rating or different types of credit data and credit analytics that accompany those debt instruments, and we’re also looking to provide our services on a blockchain,” Brawer stated.

The public ratings are slated to be launched later this year and the premium service by the end of 2020.

Meanwhile, cryptocurrency exchange Coinbase recently introduced the Crypto Rating Council in collaboration with Anchorage, Bittrex, Circle, DRW Cumberland, Genesis, Grayscale Investments, and Kraken. The organization aims to help traders comply with U.S. federal securities laws.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,961.75 (-0.05%)
  • Ethereum (ETH) $171.58 (-1.25%)
  • XRP (XRP) $0.287800 (-1.67%)
  • Bitcoin Cash (BCH) $213.16 (-0.32%)
  • Litecoin (LTC) $53.69 (+0.63%)
  • Bitcoin (BTC) $7,961.75 (-0.05%)
Oct 18, 2019 (Friday)
12:51
Telegram’s claim “Grams will not be security once TON Blockchain launches” is insufficient, argues SEC
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:23
US Senator comes out in support of Facebook’s crypto, finds hostility towards Libra “puzzling”
10:38
Crypto Technicals: BCH/USD tests trendline support (209), dip till 78.6% Fib (168.35) likely
10:13
IBM, Raw Seafoods partner to digitize scallops supply chain using blockchain
08:48
India’s Reliance Industries reveals blockchain plans for Bill of Lading and Letter of Credit transactions
07:48
Crypto Technicals: Ripple (XRP) erases most of previous session's gains, retrace below cloud dents further upside
07:22
Crypto exchange Upbit operator Dunamu to launch OTC trading platform for unlisted securities
06:52
Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, 167.50 (Oct 6 low) in sight
06:22
Stablecoin initiatives highlight shortcomings in cross-border payments: G7 Working Group
06:11
Crypto Technicals: LTC/USD extends choppy trade below 21-EMA, bias bearish
05:02
Crypto Technicals: BTC/USD confined to narrow range, bias bearish below 5-DMA (8132)
04:48
Telegram calls SEC’s emergency injunction “unreasonable”, argues gram tokens are not securities
Oct 17, 2019 (Thursday)
13:38
Bermuda to develop blockchain-based national ID system with Shyft and Perseid Network
12:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:48
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:59
Samsung SDS partners with Tech Mahindra and Pega to launch blockchain-based traceability solution
11:13
Telegram proposes to postpone TON blockchain project launch to April 2020, seeks investors’ consent
10:41
Crypto Technicals: TRON (TRX) resumes weakness, break below 20-DMA could see fresh multi-month lows
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft