Untangled Finance and Moody’s Ratings have completed a concept of concept to move credit rating on-chain by testing a system to allow for decentralized access to Moody’s financial data.

Proof-of-concept performed on Polygon Amoy Testnet, Integrated Moody’s Ratings in Credio, Untangled Finance’s Risk Oracle. Using zero-knowledge proof (ZKP) technology, the system allowed credit rating to be published, updated securely and retracted on-chain while protected proprietary information.

“Our Oracle Solution ensures visibility and real -time unchangers, while preserving privacy,” said Manui Tang, co -founder of Untangled Finance, in a release.

Bringing credit rating on-chain could make the risk assessment more transparent and efficient, allowing defi-protocols and other blockchain-based applications to integrate real-time credit data without dependence on centralized intermediaries.

This follows Untangled Finance’s 2024 relocation to launch a private credit pool of $ 6 million at Celo, which Coindesk previously reported, enabling accredited investors to borrow USDC under Luxembourg Securitization rules.