Chainlink partners with SBI Digital Markets for digital asset solutions
Key Takeaways
- Chainlink is collaborating with SBI Digital Markets (SBIDM), a part of Japan’s main SBI Group, to develop digital asset options utilizing cross-chain know-how.
- The partnership facilities round Chainlink’s CCIP protocol, enabling safe and interoperable operations for tokenized funds throughout a number of blockchains.
Chainlink, a decentralized oracle community, introduced immediately it has partnered with SBI Digital Markets (SBIDM), the digital asset division of a serious Japanese monetary conglomerate, to develop digital asset options utilizing cross-chain interoperability know-how.
The collaboration will leverage Chainlink CCIP, a cross-chain interoperability protocol, to allow safe tokenized fund operations throughout a number of blockchains. SBIDM focuses on tokenized asset issuance and distribution as a part of SBI Group’s broader blockchain integration technique.
Earlier than this collaboration, Chainlink CCIP had already established main institutional partnerships.
UBS Asset Administration accomplished a pilot with SBIDM utilizing Chainlink CCIP to allow end-to-end tokenized fund workflows throughout chains. Chainlink has additionally teamed up with Ondo Finance to combine cross-chain capabilities for tokenized real-world belongings on a number of blockchains.
Chainlink’s infrastructure helps collaborations with establishments like Swift and Euroclear to combine tokenized belongings into conventional capital markets.
