Moody’s Pilot With Chainlink Puts Test Ratings on Several Blockchains in One Pass

Moody’s Ratings and Chainlink on Tuesday announced a pilot that sent test credit ratings from Moody’s to several blockchains at the same time. Everything happened on a testnet, a practice network where nothing carries real value, and Moody’s published no real rating action onchain.

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) moves messages and tokens between blockchains. In the trial, it carried data from Moody’s Token Integration Engine (TIE), the tool the ratings firm uses to put credit ratings and related information onchain. According to the joint release, TIE showed it could send test ratings at once to permissioned networks, which only approved participants can use, and permissionless ones open to anyone. Moody’s kept its normal controls over how ratings get released, the release said.

Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter.

A Test, Not a Rollout

The companies said the pilot relied on representative test data in a controlled setting and that none of Moody’s live rating distribution was involved. The release leaves several things open: when a production version might launch, which issuers or instruments the test data stood in for, and which networks received it. The companies said later rating changes could travel the same route, and that a live version would still run through Moody’s normal publication process.

“The future of tokenized finance is unlikely to reside on a single blockchain, platform, or market infrastructure,” Moody’s Ratings’ global head of digital economy, Fabian Astic, said in the release. He said the pilot “explored how interoperable infrastructure can help make credit ratings available across multiple blockchain networks while preserving the governance and publication processes that support confidence in our analytical opinions.”

Chainlink Labs’ chief business officer, Johann Eid, said ratings “help institutions decide where to allocate capital and how they price risk.” He said the pilot “establishes a critical part of the foundation institutional capital needs to adopt tokenization at scale.”

Why It Matters

Moody’s has so far added TIE one network at a time, first Canton in March and then Solana in June. A single feed that reaches several chains at once would let a tokenized bond carry the same Moody’s rating wherever it trades, but until Moody’s sends a live rating through CCIP, the pilot shows only that the plumbing can work.

TIE So Far

Moody’s launched TIE on the Canton Network, a permissioned blockchain aimed at institutions, in March 2026. In a June 16 release, Moody’s said it had brought TIE to the Solana mainnet, the live network, through Alphaledger, a platform for tokenized institutional fixed income, so issuers there could opt to have their ratings written onchain, as Unchained reported.

Tuesday’s release put Moody’s count of rated or assessed digital issuances, such as digital bonds and tokenized funds, at more than 70 between January 2017 and October 2026. Last month, Moody’s gave Ripple’s RLUSD stablecoin an A2 deposit rating. In September, Chainlink launched CCIP 2.0, which lets token issuers add their own required sign-off to cross-chain transfers.

{"@context":"https:\/\/schema.org","@id":"https:\/\/unchainedcrypto.com\/moodys-pilot-with-chainlink-puts-test-ratings-on-several-blockchains-in-one-pass\/#arve-youtube-fxarsrnufpg","@type":"VideoObject","embedUrl":"https:\/\/www.youtube-nocookie.com\/embed\/FxaRSRnufpg?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=1&autoplay=0","name":"Is Canton ‘Permissionless’? Why Crypto Is Fighting Over What the Word Means","description":"Canton calls itself a public permissionless blockchain. Haseeb Qureshi says that’s like calling something “democratic” and then deciding who gets to vote.","thumbnailUrl":"https:\/\/unchainedcrypto.com\/wp-content\/uploads\/2026\/04\/5-9.png","uploadDate":"2026-04-23T01:04:57+00:00"}

The post Moody’s Pilot With Chainlink Puts Test Ratings on Several Blockchains in One Pass appeared first on Unchained.