Moody's and Chainlink pilot sending credit ratings across multiple blockchains

Summary

Moody's Ratings and Chainlink completed a pilot that used Chainlink's Cross-Chain Interoperability Protocol (CCIP) to distribute credit ratings across several blockchains at once, Decrypt and The Block reported.

The pilot ran through Moody's Token Integration Engine and sent ratings information across both permissioned and public networks while keeping Moody's existing publication and governance processes, according to both outlets.

It was a testnet demonstration using representative data, with no actual ratings published onchain and no live dissemination, The Block and Decrypt said, so it is a proof of concept rather than a launched product.

Moody's earlier launched the engine on the Canton Network, and Decrypt said it has since extended it to Solana.

Key facts

• The Block: Moody's rated or assessed more than 70 digital issuances, including digital bonds and tokenized funds, between January 2017 and October 2026. (The Block)
• The Block: Moody's global head of digital economy Fabian Astic said "the future of tokenized finance is unlikely to reside on a single blockchain, platform, or market infrastructure." (The Block)
• Decrypt: Chainlink Labs chief business officer Johann Eid said "credit intelligence has to move with" financial assets as they go onchain. (Decrypt)
• The Block: Chainlink recently expanded its work with S&P Global Ratings to bring vault risk assessments onchain. (The Block)

Related stories

• Comments close on the SEC’s Regulation Crypto Assets, with Hyperliquid, Bitwise and Wall Street groups asking for changes