Moody's and Chainlink test sending credit ratings to several blockchains at once, but the pilot ran on a testnet with sample data

Moody's Ratings and Chainlink announced on Tuesday that they had completed a pilot testing how credit ratings can reach several blockchains at once. The test used Chainlink's Cross-Chain Interoperability Protocol, or CCIP, to carry data from Moody's Token Integration Engine, which the companies describe as a system for distributing ratings and related data for tokenized assets, to both permissioned and permissionless networks. The release does not name the networks.

The limits are clear. The pilot ran on a testnet with representative data, no actual rating actions were published onchain, and no live ratings were distributed. The companies said the model is meant to handle future updates, including rating actions, and that a production workflow would keep Moody's existing publication and governance processes. Decrypt called it a proof of concept rather than a launched product.

Fabian Astic, Moody's global head of digital economy, said the future of tokenized finance "is unlikely to reside on a single blockchain." Johann Eid, chief business officer at Chainlink Labs, said the pilot lays a foundation for taking credit intelligence onchain as more financial assets move there. Moody's said it rated or assessed more than 70 digital issuances, including digital bonds and tokenized funds, from January 2017 to October 2026. Whether a live version follows has not been announced.