Chainlink and Moody's Ratings completed a pilot that distributed credit ratings across multiple blockchains at once. The test ran on a testnet with representative data, so it is a proof of concept rather than a launched product.
Chainlink and Moody's Ratings have completed a pilot that sent credit ratings across multiple blockchains simultaneously. The test used Chainlink's Cross-Chain Interoperability Protocol, or CCIP, to reach both permissioned and permissionless networks.
How the pilot worked
The companies announced the test on Tuesday. It ran through the Moody's Ratings Token Integration Engine, or TIE, the system Moody's built to disseminate credit assessments and related data in blockchain environments. According to the companies, the pilot preserved Moody's existing publication and governance processes.
The pilot, however, ran entirely on a testnet using representative data, and no live ratings were published onchain. Neither party has said when, or whether, live ratings will follow.
Why ratings need to travel with tokens
As more bonds, funds and other assets are issued as tokens, investors trading them will expect credit intelligence to be available wherever those assets live, Decrypt reports. Moody's has rated or assessed more than 70 digital issuances between January 2017 and October 2026.
Johann Eid, chief business officer at Chainlink Labs, called 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.
Moody's and Chainlink keep building onchain
Moody's launched TIE on the institutional Canton Network and then extended it to Solana. Chainlink, for its part, launched CCIP 2.0 on September 28, 2026, with optional Cross-Chain Verifiers and built-in compliance tools.
S&P Global Ratings also expanded its collaboration with Chainlink on October 28, 2026 to bring Vault Risk Assessments onchain.
Sources: Decrypt, Crypto Briefing
Trading involves risk.
Risk Disclaimer
