Moody’s Ratings has completed a controlled testnet pilot using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to deliver representative credit ratings data across multiple blockchains simultaneously. The exercise connected Moody’s Token Integration Engine, known as TIE, with CCIP, allowing the ratings provider to test multi-chain distribution without altering its established publication processes.
Chainlink announced on Nov. 10 that the project delivered sample ratings data to permissioned and permissionless networks in a testnet environment. No actual rating actions were published onchain, and no live ratings distribution took place. Moody’s and Chainlink did not disclose participating networks, issuers, or a production launch date.
The pilot examined whether TIE could send credit information to several networks at once while preserving Moody’s governance controls. TIE is designed to distribute ratings and related data for tokenized assets and blockchain environments, with capabilities for future updates such as rating actions and lifecycle management.
Fabian Astic, global head of digital economy at Moody’s Ratings, said investors would increasingly expect access to ratings regardless of underlying technology. "The future of tokenized finance is unlikely to reside on a single blockchain, platform, or market infrastructure," Astic said.
Moody’s said it rated or assessed more than 70 digital issuances between January 2017 and October 2026, including digital bonds and tokenized funds. Johann Eid, chief business officer at Chainlink Labs, said credit intelligence must move onchain as financial assets do, "across chains and through every rating change."
The TIE engine previously launched on Canton in March, with Moody’s operating a node on the institutional network under issuer-led participation. In June, Moody’s announced a Solana integration via Alphaledger, letting issuers of tokenized fixed-income securities push ratings directly onto the public blockchain. The latest Chainlink pilot expands on those earlier efforts, aiming to make ratings available across interoperable infrastructure while retaining the governance that supports Moody’s analysis.
