The 125-year-old credit rating agency, Moody’s Ratings, has completed a pilot trial distributing credit ratings across multiple blockchains simultaneously with Chainlink. The testing was conducted on a testnet using representative pilot data as a proof of concept ahead of future live ratings deployment.
The proof focused on technical architecture: ensuring credit intelligence data can move cross-chain via a single interoperability layer without requiring Moody’s to alter its regular publication workflows and governance.
How Data Moves Without Changing Governance
Data distribution in the trial was executed through the Token Integration Engine (TIE). This system was built by Moody’s specifically to deliver credit assessments and analytics within on-chain environments. From there, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) transmitted the rating data to both permissioned and permissionless blockchain networks.
This connecting infrastructure carries a proven track record in institutional finance. Chainlink CCIP currently secures tens of billions of dollars in cross-chain transfer value for traditional banks and asset managers.
Track Record of Evaluating 70 Digital Assets
Moody’s involvement in the digital asset space did not begin with this pilot project alone. The rating agency has evaluated more than 70 digital asset issuances, including digital bonds and tokenized funds, from January 2017 through October 2026.
Prior to expanding tests across multiple chains simultaneously, Moody’s had already deployed the TIE system on the institutional Canton Network as well as the public Solana network. Those earlier integrations were carried out so Moody’s credit ratings could be read directly by automated machines.
The need for cross-platform distribution was underscored by leadership from both entities. Fabian Astic, Global Head of Digital Economy at Moody’s, emphasized that the future of tokenized finance will not be concentrated on a single chain, creating a demand for rating data to be accessible across multiple platforms simultaneously.
A similar perspective was shared by Chainlink Labs Chief Business Officer Johann Eid. Eid stated that credit intelligence must move alongside financial assets migrating on-chain at every rating change to facilitate institutional capital adoption.
Challenges Ahead of Live Ratings
Although the trial proved data can flow seamlessly, the entire process remains on a testnet utilizing representative pilot data. Its status is still a proof of concept before live rating implementation is enabled in the future.
For asset managers and banking institutions, the availability of machine-readable ratings across multiple blockchains serves as an essential foundation before deploying capital into on-chain instruments. The success of the Moody’s and Chainlink trial paves the technical way forward, while the next milestone awaits the delivery of live rating data to real-market transactions.
Reported by Decrypt.
Also read: What Is DeFi (Decentralized Finance)?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
