A proof-of-concept successfully demonstrated the feasibility of integrating Moody’s credit rating data into Untangled Finance’s risk oracle infrastructure. This development enables on-chain access to trusted credit ratings, improving risk assessment in decentralized finance (DeFi).

Key Points:

• Untangled Finance and Moody’s Ratings have successfully tested a proof of concept to bring credit ratings on-chain, allowing decentralized access to Moody’s financial data.
• The system, tested on the Polygon Amoy Testnet, leverages zero-knowledge proof (ZKP) technology to securely publish, update, and withdraw credit ratings while safeguarding proprietary information.
• This innovation aims to enhance risk assessment transparency and efficiency, enabling DeFi protocols and blockchain applications to integrate real-time credit data without depending on centralized intermediaries.

Untangled Finance and Moody’s Ratings have successfully completed a Proof of Concept to bring credit ratings on-chain, testing a system that enables decentralized access to Moody’s financial data.

The proof-of-concept, conducted on the Polygon Amoy Testnet, successfully integrated Moody’s Ratings into Credio, Untangled Finance’s risk oracle. By leveraging zero-knowledge proof (ZKP) technology, the system enabled secure on-chain publishing, updating, and withdrawal of credit ratings while maintaining data privacy.

“Our oracle solution ensures real-time data visibility and immutability while preserving privacy,” said Manrui Tang, co-founder of Untangled Finance.

Bringing credit ratings on-chain has the potential to enhance risk assessment transparency and efficiency, enabling DeFi protocols and other blockchain applications to access real-time credit data without depending on centralized intermediaries.

This development builds on Untangled Finance's 2024 launch of a $6 million private credit pool on Celo, which enabled accredited investors to lend USDC under Luxembourg securitization rules.