Untangled Finance Brings Moody’s Credit Scores On-Chain

Untangled Finance and Moody’s Ratings have accomplished a Proof of Concept to maneuver credit score rankings on-chain by testing a system to permit for decentralized entry to Moody’s monetary information.

The proof-of-concept, performed on the Polygon Amoy Testnet, built-in Moody’s Ratings into Credio, Untangled Finance’s danger oracle. Using zero-knowledge proof (ZKP) expertise, the system allowed credit score rankings to be securely revealed, up to date, and withdrawn on-chain whereas defending proprietary info.

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

Bringing credit score rankings on-chain might make danger evaluation extra clear and environment friendly, permitting DeFi protocols and different blockchain-based purposes to combine real-time credit score information with out reliance on centralized intermediaries.

This follows Untangled Finance’s 2024 transfer to launch a $6 million personal credit score pool on Celo, as CoinDesk beforehand reported, which allowed accredited buyers to lend USDC beneath Luxembourg securitization guidelines.