Summary

  • Moody’s and Chainlink said they have completed a pilot to send credit-rating data simultaneously across multiple blockchains.
  • The companies said they confirmed that Chainlink’s CCIP and Moody’s Token Integration Engine (TIE) can be used to distribute credit-rating data across permissioned and permissionless networks.
  • Moody’s said it has experience rating digital bonds and tokenized funds and has expanded TIE to the Canton Network and Solana (SOL), adding that the latest test was conducted as a proof of concept.

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Moody’s has completed a pilot with blockchain oracle project Chainlink to send credit-rating data simultaneously across multiple blockchains.

Decrypt reported on November 10 that the companies had completed a test using Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, to distribute Moody’s credit-rating data simultaneously across permissioned and permissionless blockchain networks.

The pilot was conducted through Moody’s Token Integration Engine, or TIE, a system the ratings firm built to distribute credit-rating data in blockchain environments. The companies said the test showed that rating data could be delivered across multiple chains through a single interoperability layer while preserving Moody’s existing data issuance and governance procedures.

Johann Eid, chief business officer at Chainlink Labs, said credit information will need to move across chains alongside financial assets as more assets shift on-chain, with each ratings change reflected as well. He added that the pilot provides infrastructure needed for institutional capital to adopt tokenization more broadly. Fabian Astic, global head of digital economy at Moody’s, said the future of tokenized finance is unlikely to remain on a single blockchain or platform. Investors will expect access to credit-rating information regardless of the underlying technology, he said.

Moody’s has rated more than 70 digital issuances, including digital bonds and tokenized funds, from January 2017 through October 2026. Earlier this year, it launched TIE on the Canton Network and expanded it to Solana, beginning to provide machine-readable credit ratings on major public blockchains.

The test, however, was conducted on a testnet using only representative sample data. It did not include any live rating actions or production deployment. The companies said the pilot was a proof of concept demonstrating technical feasibility and was designed to eventually support real rating updates under an appropriate governance framework.

Minseung Kang