Untangled Finance Completes Proof of Concept for On-Chain Credit Ratings
Untangled Finance and Moody’s Ratings have completed a Proof of Concept to transition credit ratings on-chain, enabling decentralized access to financial data.
- The proof-of-concept was executed on the Polygon Amoy Testnet.
- Moody’s Ratings were integrated into Untangled Finance’s risk oracle using zero-knowledge proof (ZKP) technology.
- This system allows secure publication, updating, and withdrawal of credit ratings on-chain while protecting proprietary information.
- Real-time data visibility and immutability are ensured while maintaining privacy.
- On-chain credit ratings could enhance transparency and efficiency in risk assessment for DeFi protocols and blockchain applications.
This initiative follows Untangled Finance's plan to launch a $6 million private credit pool on Celo, allowing accredited investors to lend USDC under Luxembourg securitization rules.