Crypto

Moody's pilots sending credit ratings across several blockchains at once

Moody's has tested a way to send its credit ratings to several blockchains at the same time, using Chainlink's CCIP. The pilot kept the firm's existing publication and governance processes in place.

Illustration: Several coins of different sizes in silver, gold and copper, each with a circuit pattern, sit on a lime green seamless backdrop.
Illustration

Moody's ran a testnet pilot with Chainlink. A testnet is a test version of a blockchain network, used to try out a system before it goes live. In the pilot, Moody's distributed its credit ratings at the same time across permissioned and permissionless blockchains, using Chainlink's CCIP tool.

Permissioned blockchains limit who can take part, while permissionless blockchains are open to anyone. The pilot kept Moody's existing publication and governance processes in place, so the way ratings are published and overseen was preserved.

Moody's$514.93up +9.44%over 1 month
$528.34$462.7712 Oct11 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

Also in this story

Chainlinkdown −20.07%1 month

$1,000 in Moody's

Had you put $ into Moody's a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

Published
Updated
Section
Crypto
Markets
Moody's, Chainlink

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

Back to the front page

More news

Illustration: A columned stock exchange front in flat vermilion, mustard and teal with a large gold coin in the foreground.CryptoMSCI to drop Strategy and Metaplanet from global indexesMSCI will remove Strategy and Metaplanet from its global indexes after the Nov. 30 close, forcing index funds that hold them to sell. Both are bitcoin treasury firms, so the change matters for investors who follow those stocks.Strategydown −19.87%1 monthIllustration: A single physical bitcoin coin with the Bitcoin logo stands on its edge on a smooth coral surface, tipped slightly as if about to roll off a small ledge.CryptoBitcoin nears $70,000 as ETF outflows and stablecoin drop weighBitcoin is testing the $70,000 level as ETF outflows and a $14.2 billion stablecoin drop weigh on demand. Options traders put the odds of a fall below $70,000 by Christmas at 31%, while some large holders keep buying.Bitcoindown −10.25%1 monthIllustration: A trader's desk with several screens glowing green, a keyboard and a mug, painted in burnt orange and plum tones.CryptoBitMine posts $2.8 billion profit, but yearly loss tops $6 billionBitMine reported a $2.8 billion quarterly profit from Ethereum gains, but a yearly net loss above $6 billion. Solana Company reported $3.4 million in Q3 revenue, helped by staking rewards.Etherdown −16.22%1 monthIllustration: A lone computer tower in a dark server closet, its cyan status light glowing while a single cracked glass pane in front of it reflects magenta light on a wet floor.CryptoBitcoin Core discloses three patched flaws, one high-severity mining bugBitcoin Core developers disclosed three security flaws that were already patched, including one that could stop some nodes from building new blocks. The bug was fixed over a year ago, but older nodes may still be exposed.Bitcoindown −10.25%1 monthIllustration: A glowing paper clock face in mint and cobalt with no hands, set over a layered paper stock exchange hall, joined by a chain of linked paper tokens to a small blue circuit-board block.CryptoOKXICE sets November 23 launch for tokenized stock venueOKX and ICE, the parent of the NYSE, will open their tokenized securities venue on November 23 with more than 70 assets. The move lets US users reach tokenized shares under new SEC guidance, after 67 companies objected to listings.Illustration: Two hands, drawn in bold black lines, clasp across a plain wooden table, with a scarlet ribbon looped around them.CryptoNomura weighs selling Laser Digital, its crypto armNomura is exploring a sale of Laser Digital, its crypto unit, after losses hit its European business. The material gives no price or buyer, but the move matters to anyone following crypto firms.