Moody’s pilots cross-chain credit ratings using Chainlink CCIP

Moody’s Ratings has completed a pilot with Chainlink to test how credit ratings could be distributed across multiple blockchain networks simultaneously, using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the companies said Tuesday.

The test showed how the Moody’s Ratings Token Integration Engine could support multi-chain distribution of ratings as tokenized markets mature.

According to the companies, the growing use of blockchain infrastructure to issue and distribute financial assets means market participants will need trusted credit information available within those systems. Moody’s Ratings, a credit ratings and research firm with more than 125 years in the business, said it rated or assessed over 70 digital issuances, including digital bonds and tokenized funds, from January 2017 through October 2026.

The Token Integration Engine is built to deliver credit ratings and related data for tokenized assets and blockchain environments. Through Chainlink CCIP, the pilot demonstrated that TIE could distribute ratings across permissioned and permissionless networks at the same time, without changing Moody’s existing publication and governance procedures.

Chainlink Labs Chief Business Officer Johann Eid said credit ratings guide how institutions allocate capital and price risk, and that credit intelligence needs to move with assets as they go onchain, across chains and through every rating change.

Moody’s Ratings Global Head of Digital Economy Fabian Astic said tokenized finance is unlikely to be confined to one blockchain, platform or infrastructure.

As digital markets evolve, he said, investors will expect credit ratings to be accessible regardless of the underlying technology, and the pilot tested how interoperable infrastructure could deliver that while keeping the governance and publication processes behind Moody’s opinions.

The pilot took place on testnet, with CCIP sending ratings to several blockchain networks. The delivery model is designed to support future updates, including rating actions, under appropriate governance and lifecycle controls, and any production version will keep Moody’s established publication processes.