Moody’s, Chainlink Complete Pilot to Send Credit-Rating Data Across Multiple Blockchains - bloomingbit
Moody's and Chainlink have completed a pilot to send credit-rating data simultaneously across multiple blockchains using Chainlink's CCIP and Moody's Token Integration Engine.
The companies confirmed that Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Moody's Token Integration Engine (TIE) can distribute credit-rating data across both permissioned and permissionless networks. This test was conducted as a proof of concept to demonstrate technical feasibility for future real rating updates under appropriate governance.
Infrastructure for Tokenization
Moody's has experience rating digital assets, having rated over 70 digital issuances including digital bonds and tokenized funds since 2017. Earlier this year, the firm launched TIE on the Canton Network and expanded it to Solana, beginning to provide machine-readable credit ratings on major public blockchains.
Credit information will need to move across chains alongside financial assets as more assets shift on-chain, with each ratings change reflected as well.
The pilot provides the infrastructure needed for institutional capital to adopt tokenization more broadly, according to Eid.
Future of Cross-Chain Finance
Fabian Astic, global head of digital economy at Moody's, emphasized that the future of tokenized finance won't remain on a single blockchain. Investors will expect access to credit-rating information regardless of the underlying technology.
The test was conducted on a testnet using only representative sample data and did not include live rating actions or production deployment. The companies plan to eventually support real rating updates under an appropriate governance framework.
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