Moody's and Chainlink complete pilot project for cross-chain distribution of credit ratings

According to Decrypt, Chainlink and Moody's Ratings have completed a pilot project demonstrating how to simultaneously distribute credit ratings across multiple blockchains. The test was announced on Tuesday, using Chainlink's cross-chain interoperability protocol CCIP to distribute Moody's ratings to both permissioned and permissionless chain networks.

The pilot operates through Moody's Ratings Token Integration Engine TIE, which was built by the 125-year-old rating agency to disseminate credit assessments and related data in a blockchain environment. Both parties stated that the pilot proves that ratings can be transmitted across chains through a single interoperability layer while retaining Moody's existing publishing and governance processes. Moody's has rated or assessed over 70 digital issuances, including digital bonds and tokenized funds, from January 2017 to October 2026.

Johann Eid, Chief Business Officer of Chainlink Labs, stated that as more financial assets go on-chain, credit intelligence must flow cross-chain and accompany every rating change. Fabian Astic, Global Head of Digital Economy at Moody's, believes that the future of tokenized finance is unlikely to exist solely on a single blockchain, platform, or market infrastructure.

This pilot runs entirely on a testnet using representative test data and has not published any actual rating actions on-chain; it is a proof of concept rather than a live product. Previously, Moody's launched TIE on the institutional-grade Canton Network and subsequently expanded to Solana.