Moody’s Ratings and Chainlink just announced that they’ve completed a testnet pilot using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to explore how to distribute credit ratings across multiple blockchains.
According to the announcement, Moody’s Token Integration Engine can use CCIP to distribute rating information across permissioned and public blockchains while preserving existing publication and governance processes. The pilot was successfully run on a testnet using representative test data. It did not put actual rating actions on-chain, and has not yet moved to live distribution.
From January 2017 through this October, Moody’s has rated or assessed more than 70 digital issuances, including digital bonds and tokenized funds. As assets move on-chain, the credit ratings institutions rely on need to follow—but for now, this step remains at the pilot stage.
#RWA $LINK
According to the announcement, Moody’s Token Integration Engine can use CCIP to distribute rating information across permissioned and public blockchains while preserving existing publication and governance processes. The pilot was successfully run on a testnet using representative test data. It did not put actual rating actions on-chain, and has not yet moved to live distribution.
From January 2017 through this October, Moody’s has rated or assessed more than 70 digital issuances, including digital bonds and tokenized funds. As assets move on-chain, the credit ratings institutions rely on need to follow—but for now, this step remains at the pilot stage.
#RWA $LINK
