Moody’s Ratings has introduced a system to deliver its credit analysis on-chain, bringing its ratings data into the blockchain-based financial infrastructure.
The system, called Token Integration Engine (TIE), connects Moody’s traditional rating data to blockchain networks, giving authorized participants access to credit insights within blockchain-based financial workflows. It is built for institutional use, with issuers controlling participation while Moody’s oversees the rating process.
The company claims it is the first rating agency to provide its credit analysis onchain. In June 2025, Moody’s partnered with a fintech startup called Alphaledger to run a pilot program to explore how traditional credit ratings could be integrated into blockchain systems.
The first implementation runs on the Canton Network, a permissioned blockchain designed for institutional financing. Moody’s is operating its own node on the network as part of the rollout, and said it plans to expand the system to additional blockchains and asset types.
The system is designed to be network agnostic, with access controlled by publishers within the company’s existing governance and compliance framework.
Moody’s, a US-based credit rating agency founded in 1909 with operations in more than 40 countries, rates the creditworthiness of governments, companies and financial instruments, with its ratings widely used by investors in global capital markets.
Related: Crypto accounting startup Cryptio raises $45 million as institutions evolve
The Rise of the Canton Network
Moody’s commitment adds to the growing use of the Canton Network as an infrastructure for institutional blockchain applications, particularly in tokenized assets and collateral markets.
A growing list of asset managers are integrating tokenized funds into the network. Franklin Templeton expanded its Benji platform to Canton in November, allowing its tokenized assets, including a US government money market fund, to be used as collateral and liquidity within the ecosystem.
Other efforts focused on market infrastructure and settlement. In December, the Depository Trust and Clearing Corporation (DTCC) said it plans to issue a subset of U.S. Treasury securities on Canton, expanding blockchain-based processes to core clearing and settlement systems, with potential expansion to additional asset classes.
Banks and digital asset infrastructure platforms are also building on the network. In January, JPMorgan’s Digital Asset and Kinexys said they plan to bring JPMorgan’s dollar deposit token, JPM Coin, to Canton, while Temple Digital Group launched a platform that enables 24/7 digital asset trading through a central limit order book with non-custodial settlement.
According to data from CoinGecko, the value of Canton Coin, the network’s native token, has increased by around 30% since its launch in November 2025.
Source: Coin gecko
Magazine: China’s ’50x’ Blockchain Boost, Alibaba-Linked AI Mines Bitcoin: Asia Express