Moody’s Tests Multichain Credit Rating Distribution Through Chainlink

Moody's (NYSE: $MCO) and Chainlink (CRYPTO: $LINK) announced Tuesday that they had completed a testnet pilot demonstrating how sample credit ratings could be distributed simultaneously across multiple blockchains, marking a step toward integrating traditional credit intelligence with tokenized financial markets.

The pilot shows how credit ratings could follow tokenized bonds, funds and other financial assets as they move across blockchain networks. However, the initiative remains a proof of concept focused on technical interoperability rather than a commercially launched product, and no actual credit ratings were published during the test.

According to the press release, the pilot used Chainlink's Cross-Chain Interoperability Protocol (CCIP) to distribute sample ratings through Moody's Ratings Token Integration Engine, a system designed to make credit ratings and related information available in blockchain environments.

The test demonstrated simultaneous delivery across both permissioned and permissionless blockchain networks while preserving Moody's existing publication and governance processes. The companies emphasized that the pilot did not involve live dissemination or the publication of actual rating actions onchain.

Moody's has been expanding its involvement in digital asset markets as tokenization gains traction among institutional investors. Between January 2017 and October 2026, the ratings agency rated or assessed more than 70 digital issuances, including digital bonds and tokenized funds, according to the companies.

Earlier this year, Moody's introduced its Token Integration Engine on the Canton Network (CRYPTO: $CC) before subsequently extending the system to Solana (CRYPTO: $SOL).

Johann Eid, chief business officer at Chainlink Labs, said credit intelligence must move alongside financial assets as they migrate onchain, move between blockchain networks and undergo rating changes. He described the pilot as part of the infrastructure foundation needed for institutional adoption of tokenization at scale.

Fabian Astic, Moody's global head of digital economy, said tokenized financial markets are unlikely to operate on a single blockchain, platform or market infrastructure. He added that investors will increasingly expect access to credit ratings regardless of the underlying technology supporting an asset.

The companies said the delivery framework is designed to support future credit rating updates while maintaining appropriate governance and controls throughout an asset's lifecycle.

Shares of Moody's (NYSE: $MCO) were recently trading at $508.72.