In brief
- Chainlink and Moody’s Ratings completed a pilot using Chainlink’s Cross-Chain Interoperability Protocol to distribute credit ratings simultaneously across multiple blockchains via Moody’s Token Integration Engine.
- The aim is to make trusted credit intelligence travel with tokenized assets wherever they live.
- The test ran on a testnet with representative data—no live ratings were published onchain—so it’s a proof of concept rather than a launched product.
Chainlink and Moody’s Ratings have completed a pilot showing how credit ratings could be beamed across multiple blockchains at once, another sign that the traditional machinery of finance is steadily moving onchain.
Announced Tuesday, the test used Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, to distribute Moody’s ratings simultaneously across both permissioned and permissionless blockchain networks.
It ran through the Moody’s Ratings Token Integration Engine, or TIE, the system the 125-year-old ratings giant built to disseminate credit assessments and related data within blockchain environments. The pilot, the companies said, preserved Moody’s existing publication and governance processes while proving the ratings could travel across chains through a single interoperable layer.
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The logic is straightforward: as more bonds, funds, and other assets are issued as blockchain tokens, the investors trading them will expect the credit intelligence they rely on to be available wherever those assets live, rather than stopping at any one network’s edge.
Moody’s brings real experience here, having rated or assessed more than 70 digital issuances, including digital bonds and tokenized funds, between January 2017 and October 2026.
“As more financial assets move onchain, credit intelligence has to move with them, across chains and through every rating change,” said Johann Eid, chief business officer at Chainlink Labs, calling the pilot a foundational piece of what institutional capital needs to adopt tokenization at scale.
Fabian Astic, Moody’s global head of digital economy, argued that “the future of tokenized finance is unlikely to reside on a single blockchain, platform, or market infrastructure,” and that investors will increasingly expect ratings regardless of the underlying technology.
→The effort builds on Moody’s steady push onchain. Earlier this year, the firm launched TIE on the institutional Canton Network before extending it to Solana, making its ratings machine-readable on a major public blockchain.
Chainlink, meanwhile, has positioned CCIP as the connective tissue for institutional tokenization, recently rolling out an upgraded version and reporting tens of billions of dollars in cross-chain value secured as banks and asset managers experiment with moving assets between networks.
The pilot, though, ran entirely on a testnet using representative test data, with no actual rating actions published onchain and no live dissemination involved.
It demonstrated technical capability rather than a launched product, but the companies said the model is designed to accommodate future rating updates under appropriate governance. For now, it’s a proof of concept, albeit one pointing toward a future where even credit ratings are just another piece of data flowing across blockchains.
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