Moody’s Credit Ratings Go Multichain, Because Apparently Even Bonds Need a Group Chat 🔗

Moody’s Ratings and Chainlink have completed a pilot using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to distribute Moody’s credit ratings across permissioned and permissionless blockchain networks simultaneously. Announced Tuesday, the test ran through Moody’s Ratings Token Integration Engine (TIE), which the 125-year-old ratings company built to disseminate credit assessments and related data within blockchain environments.

The companies said the pilot preserved Moody’s existing publication and governance processes while demonstrating that ratings and related information could move across chains through a single interoperable layer. Moody’s has 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. Fabian Astic, Moody’s global head of digital economy, said, “the future of tokenized finance is unlikely to reside on a single blockchain, platform, or market infrastructure.”

The pilot followed Moody’s launch of TIE on the institutional Canton Network and its subsequent extension to Solana. Chainlink has also reported tens of billions of dollars in cross-chain value secured through CCIP as banks and asset managers explore transfers between networks.

The test ran entirely on a testnet using representative test data, with no actual rating actions published onchain and no live dissemination involved. The companies said the model is designed to accommodate future rating updates under appropriate governance.