Moody’s pilots multi-chain ratings via Chainlink

Moody’s Ratings has completed a testnet pilot with Chainlink to demonstrate how its credit ratings could be distributed simultaneously across multiple blockchain networks using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The exercise routed representative ratings data through Moody’s Ratings Token Integration Engine (TIE) to both permissioned and permissionless blockchains, while maintaining Moody’s existing publication and governance procedures.

The pilot focused on technical feasibility rather than live market use. No actual rating actions were published onchain, and no production-grade dissemination took place, making the initiative a proof of concept rather than an operational product at this stage.

TIE is designed to deliver Moody’s credit ratings and related data for tokenized assets and blockchain environments. In the pilot, CCIP enabled TIE to send ratings information to several networks at the same time, without altering the firm’s established processes for forming and publishing credit opinions.

The distribution model tested on the testnet is built to accommodate future updates, including rating actions, under governance and lifecycle controls. Any eventual production workflow is intended to retain Moody’s publication standards while embedding ratings data directly in the infrastructure of digital assets.

Moody’s stated that the growing use of blockchain to issue and distribute financial assets is increasing the need for trusted credit information within those systems. From January 2017 through October 2026, the firm rated or assessed over 70 digital issuances, including digital bonds and tokenized funds, illustrating its expanding activity in digital markets.

Earlier in 2026, Moody’s launched TIE on the institutional Canton Network, where it operates a node on infrastructure designed to support privacy and regulatory requirements. The firm later extended TIE to Solana through Alphaledger, allowing issuers of tokenized fixed-income securities on that platform to choose to have ratings pushed directly onto a public blockchain.

Moody’s and Chainlink framed the pilot as preparation for a tokenized finance environment that spans multiple blockchains, platforms and market infrastructures. The companies highlighted that investors are expected to want access to independent credit analysis wherever tokenized assets reside, rather than relying on a single network or an external lookup.

Executives from both firms emphasized that as more financial assets move onchain, credit intelligence needs to move with them, across chains and through each rating change. The pilot showed that CCIP can act as an interoperable layer for propagating Moody’s ratings data across chains, while leaving the agency’s opinion formation and publication controls intact.