Moody’s and Chainlink test cross-chain credit ratings pilot
7.1 Banking Moody’s and Chainlink ran a testnet pilot to distribute simulated credit ratings across blockchains using CCIP, preserving Moody’s governance. No live ratings were published; this was a proof of concept.
Moody’s Ratings and Chainlink have completed a pilot project that demonstrates the simultaneous distribution of credit ratings across multiple blockchain networks using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The pilot, conducted on a testnet with representative data, utilized Moody’s Ratings Token Integration Engine (TIE) to deliver simulated credit ratings to both permissioned and permissionless blockchains. This proof of concept maintained Moody’s established publication and governance processes, illustrating that credit intelligence can accompany tokenized assets regardless of the blockchain they reside on. Importantly, no live ratings were published onchain, and the companies have not disclosed the participating networks, issuers, or a production launch date. The initiative highlights the increasing integration of traditional financial processes with blockchain technology and underscores the importance of interoperability as more financial assets become tokenized and move onchain.
