Pilot Demonstrates Multi-Chain Ratings Delivery

Moodys Ratings and Chainlink have completed a pilot project that uses the Cross-Chain Interoperability Protocol to distribute credit ratings simultaneously across both permissioned and permissionless blockchain networks.

The initiative relies on Moodys Ratings Token Integration Engine to handle the delivery of data. The test ran entirely on a testnet environment and relied on representative sample information rather than any live rating actions. No actual credit opinions were published onchain during the exercise, which focused solely on proving the technical capability of simultaneous cross-chain transmission.

The setup preserved Moodys existing publication and governance procedures for producing and updating ratings. Future versions of the system are designed to support rating changes under the same controls, ensuring consistency in how the firm reaches its opinions.

Background in Tokenized Assets

Moodys has assessed or rated more than 70 digital issuances since January 2017. These include digital bonds and tokenized funds. The firm introduced its Token Integration Engine earlier in 2026, first deploying it on the institutional Canton Network and later expanding to Solana through Alphaledger to make ratings machine-readable on a major public chain.

Tokenized assets create a specific need for credit information that travels with them across platforms. Investors require reliable risk assessments for bonds, funds and other securities regardless of the underlying blockchain. A single manual distribution can lead to inconsistencies, which is why interoperable infrastructure is gaining attention.

Industry Perspectives

Fabian Astic, global head of digital economy at Moodys Ratings, noted that tokenized finance is unlikely to be confined to a single blockchain or platform. Investors will increasingly expect consistent credit data no matter the technology supporting an asset.

Johann Eid, chief business officer at Chainlink Labs, described the pilot as essential for institutional adoption of tokenization. He stated that credit intelligence must move alongside assets across chains and through every rating update.

Path Forward

The pilot remains a proof of concept rather than a production system. The companies did not disclose the specific networks involved, participating issuers or any target date for live ratings distribution. The model is prepared to accommodate updates under established governance and regulatory oversight.

Chainlink CCIP continues to secure significant cross-chain value as financial institutions explore asset transfers between networks. Moodys maintains its independent rating processes while expanding access to blockchain environments.

Implications for Tokenized Finance

This development aligns with broader efforts to bring traditional credit analysis into digital asset infrastructure. As more real-world assets move onchain, the ability to deliver consistent risk data across chains becomes essential for market participants.

The pilot demonstrates that established credit rating providers can adapt their processes to interoperable blockchain layers without altering core publication standards. Market participants are watching for future announcements that could include named chains and the first live onchain ratings.