Global credit rating agency Moody’s has linked its credit rating data to blockchain technology, accelerating its transition from traditional finance to blockchain.
Accordingly, Moody’s has launched its token integration engine on the Canton Network.
Moody’s has launched a token integration engine on the Canton Network, a blockchain used for tokenizing real-world assets.
This move marks the first time an institution has provided credit rating data on a blockchain.
The system, called the Token Integration Engine (TIE), connects Moody’s traditional rating data to blockchain networks, allowing authorized participants to access credit information within blockchain-based financial workflows.
Moody’s operates its own node on the network and plans to expand to various blockchains and asset classes in the future.
Founded in 1909, Moody’s is an organization that assesses the creditworthiness of governments, companies, and financial products in more than 40 countries worldwide, and provides credit rating standards widely used by investors in global capital markets.
*This is not investment advice.