Moody’s brings credit ratings on-chain with Canton Network integration

Moody’s Ratings has debuted a system that provides credit analysis on-chain, bringing ratings data into blockchain-based financial infrastructure.

The system, called the Token Integration Engine (TIE), connects Moody’s traditional ratings data to the blockchain network, allowing authorized participants to access credit information within blockchain-based financial workflows. It is built for institutional investors, with issuers controlling participation while Moody’s retains oversight of the rating process.

The company claims to be the first credit rating company to provide credit analysis on-chain. In June 2025, Moody’s partnered with a fintech startup called Alphaledger to conduct a pilot program to explore how traditional credit ratings could be integrated into blockchain systems.

The initial deployment will run on Canton Network, a permissioned blockchain designed for institutional finance. Moody’s said it is operating its own nodes on the network as part of the rollout and plans to expand the system to additional blockchains and asset types.

The system is designed to be network agnostic, with access controlled by the publisher based on the company’s existing governance and compliance framework.

Founded in 1909 and with operations in more than 40 countries, Moody’s is a U.S.-based credit rating agency that evaluates the creditworthiness of governments, businesses, and financial instruments, and its ratings are widely used by investors in the global capital markets.

Related: Cryptocurrency accounting startup Cryptio wins $45 million for bringing financial institutions on-chain

The rise of canton networks

Moody’s deployment expands the use of the Canton Network as an infrastructure for institutional blockchain applications, particularly in the tokenized asset and collateral markets.

More and more asset management companies are integrating tokenized funds into their networks. Franklin Templeton expanded its Benji platform into Canton in November, allowing tokenized assets, including U.S. government money market funds, to be used as collateral and liquidity within the ecosystem.

Other efforts focus on market infrastructure and payments. In December, the Depository Trust and Clearing Corporation (DTCC) announced that it plans to issue some U.S. Treasury securities in cantons and expand blockchain-based processes into its core clearing and settlement system, with the potential to expand to additional asset classes.

Banks and digital asset infrastructure platforms are also built on networks. In January, JPMorgan Digital Assets and Kinexis announced plans to bring JPMorgan’s dollar deposit token, JPM Coin, to Canton, while Temple Digital Group launched a platform that enables 24/7 trading of digital assets through a centralized limit order book with non-custodial payments.

According to data from CoinGecko, the value of Canton Coin, the network’s native token, has increased by approximately 30% since its launch in November 2025.