Moody’s tested Chainlink’s CCIP technology to simultaneously distribute credit assessments to both permissioned and public blockchains.
International credit rating agency Moody’s Ratings and blockchain infrastructure provider Chainlink conducted a pilot study demonstrating the simultaneous transfer of credit rating information across multiple blockchains. The trial utilized Chainlink’s Cross-Chain Interoperability Protocol technology.
The pilot program aimed to demonstrate that credit assessments could be simultaneously sent to both permissioned and public blockchains via Moody’s Token Integration Engine. This would allow tokenized bonds, funds, or other financial assets issued on different networks to access the same credit information.
Moody’s had previously begun using the token infrastructure it developed to bring credit analysis to the blockchain on the Canton Network. The test with Chainlink extends this approach beyond a single network to multiple blockchains.
The company states that it does not expect the future of tokenized finance to be shaped solely by a single blockchain or market infrastructure. As financial assets are held across different networks, investors are expected to have access to the same credit ratings and related assessments regardless of the technology used.
However, this study is not a live system where actual credit ratings are published on public blockchains. Representative data was used on the test network, and Moody’s current ratings were not transferred onto the blockchain. Live deployment processes were also excluded from the pilot study. This distinction reveals that the trial is a technical demonstration, not a commercially ready product.
Moody’s announced that it has rated or assessed more than 70 digital issuances, including digital bonds and tokenized funds, between January 2017 and October 2026. Chainlink also recently expanded its collaboration with S&P Global Ratings to move vault risk assessments to the blockchain. These efforts demonstrate that the necessary infrastructure is being created for traditional financial data to be used collaboratively across different blockchain applications.
*This is not investment advice.
