Moody’s, Chainlink Complete Cross-Blockchain Credit Data Pilot

Moody’s and Chainlink completed a proof-of-concept pilot that sent representative credit-rating data simultaneously across permissioned and permissionless blockchain networks, the companies said.

The test used Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Moody’s Token Integration Engine (TIE), which the ratings firm built to distribute rating information in blockchain environments. Decrypt reported the completion on November 10.

Together, the systems showed that one interoperability layer could deliver Moody’s data across multiple chains while preserving the company’s existing data issuance and governance procedures. The result establishes technical feasibility, not a live ratings feed.

What does the pilot change for institutions?

For institutional issuers and investors, the practical answer is limited for now. Moody’s ran the test on a testnet using only representative sample data. It included no live rating action and no production deployment.

The companies designed the pilot to show that TIE could eventually support real rating updates under an appropriate governance framework. That distinction matters because on-chain credit information becomes operationally useful only when users can identify a current rating action rather than a technical demonstration.

Johann Eid, chief business officer at Chainlink Labs, said: “Credit information will need to move across chains alongside financial assets as more assets shift on-chain, with each ratings change reflected as well.”

He said the pilot provides infrastructure needed for institutional capital to adopt tokenization more broadly. The claim narrows the operational problem: rating data must remain available and current wherever an issuer or fund represents its assets on-chain.

Fabian Astic, global head of digital economy at Moody’s, said: “The future of tokenized finance is unlikely to remain on a single blockchain or platform. Investors will expect access to credit-rating information regardless of the underlying technology.”

Moody’s brings an established issuance record to the project. From January 2017 through October 2026, the ratings firm rated more than 70 digital issuances, including digital bonds and tokenized funds. That is a track record of more than 70 instruments across nearly a decade.

Earlier this year, Moody’s launched TIE on Canton Network and expanded it to Solana (SOL), beginning to provide machine-readable credit ratings on major public blockchains. That expansion gives the pilot a practical context, but the cross-chain test itself remained separate from live rating activity.

For an issuer operating across several networks, the demonstrated architecture could reduce the burden of maintaining separate data connections. The single CCIP layer offers one route for distributing the same Moody’s information, while TIE retains the firm’s issuance procedures and governance path. The testnet scope did not demonstrate those procedures against live rating traffic.

Two conclusions are supportable from the test:

• Cross-chain rating delivery is technically viable through CCIP and TIE.
• Moody’s has begun deploying machine-readable ratings on Canton Network and Solana.

The pilot still does not create a live, continuously updated cross-chain service. Institutions must continue distinguishing production ratings from test data while the companies work toward a deployment that can carry real rating updates.

The next material step is a production deployment carrying real rating updates under an appropriate governance framework; until then, the pilot demonstrates an available architecture but does not create a live, continuously updated cross-chain service.