Moody’s Ratings and Chainlink Labs have successfully completed a pilot exploring the cross-chain distribution of credit ratings powered by Chainlink’s Cross-Chain Interoperabilty Platform (CCIP). The pilot demonstrated how the Moody’s Ratings Token Integration Engine (TIE) could support the simultaneous distribution of credit ratings across multiple blockchain networks as tokenised market infrastructure continues to evolve.
As more financial assets are issued and distributed through blockchain-based infrastructure, market participants will increasingly need access to trusted credit assessment information within those environments.
Moody’s Ratings brings extensive experience assessing credit risk in digital assets and tokenised financial instruments. Between January 2017 and October 2026, Moody’s Ratings rated or assessed more than 70 digital asset issuances, including digital bonds and tokenised funds.
TIE is designed to support the dissemination of credit ratings and related data in connection with tokenised assets and in blockchain-based environments. Using Chainlink CCIP, the pilot successfully demonstrated how TIE could simultaneously distribute credit ratings across permissioned and permissionless blockchain networks while preserving existing publication and governance processes.
“The future of tokenised finance is unlikely to reside on a single blockchain, platform, or market infrastructure,” says Fabian Astic, Global Head of Digital Economy at Moody’s Ratings. “As digital markets continue to evolve, investors will increasingly expect access to credit ratings and associated information regardless of the underlying technology supporting an asset.”
The pilot was completed in a testnet environment, with CCIP delivering credit ratings to multiple blockchain networks. No actual rating actions were published on chain as part of the pilot, and no live rating dissemination processes were involved. The pilot used representative test data to evaluate technical interoperability and distribution capabilities in a controlled environment. The broader delivery model is designed to accommodate future updates including rating actions, while maintaining appropriate governance and lifecycle controls. A future production workflow would maintain Moody’s Ratings’ established publication processes.
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