Institutional blockchain infrastructure has been building steadily, with major financial players tokenizing assets and connecting traditional market systems to permissioned networks. Moody’s Ratings has now moved its core product — credit analysis — directly onto that infrastructure.
The firm has launched what it calls the Token Integration Engine (TIE), a system that connects its ratings data to blockchain networks. According to the announcement, permissioned participants can access credit insights within blockchain-based financial workflows. Issuers control who participates; Moody’s retains oversight of the ratings process itself. The company says it is the first credit rating agency to deliver its credit analysis onchain.
The initial deployment runs on the Canton Network, a permissioned blockchain built for institutional finance. Moody’s is operating its own node on the network as part of the rollout. The system is described as network-agnostic, and the firm says it plans to expand to additional blockchains and asset types.
The move did not come without groundwork. In June 2025, the agency partnered with fintech startup Alphaledger to run a pilot program exploring how traditional credit ratings could be integrated into blockchain systems — the TIE launch is the product of that work.
Canton Network’s Growing Institutional Footprint
The Canton Network has attracted a widening group of institutional participants over the past several months. Franklin Templeton expanded its Benji platform to the network in November, enabling its tokenized assets — including a US government money market fund — to function as collateral and liquidity within the ecosystem.
Settlement and clearing infrastructure has followed. In December, the Depository Trust and Clearing Corporation (DTCC) said it plans to issue a subset of US Treasury securities on Canton, with potential expansion to additional asset classes. That positions the network inside core clearing processes, not just at the margins of capital markets.
Banking and trading infrastructure has also moved onto the network. In January, Digital Asset and Kinexys by JPMorgan announced plans to bring JPMorgan‘s dollar deposit token, JPM Coin, to Canton. Around the same time, Temple Digital Group launched a platform enabling 24/7 trading of digital assets through a central limit order book with non-custodial settlement.
Canton Coin, the network’s native token, has risen approximately 30% since its launch in November 2025, according to CoinGecko data.
What Moody’s Brings to the Network
Moody’s was founded in 1909 and operates in more than 40 countries. Its ratings assess the creditworthiness of governments, companies, and financial instruments — data that institutional investors use across global capital markets. Embedding that data layer into blockchain workflows, rather than keeping it external to them, changes how participants in those workflows access risk information.
The firm says the TIE system operates within its existing governance and compliance framework. The next stated step is expansion to additional blockchains and asset types beyond the current Canton Network deployment.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice.
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