#Chainlink is driving institutional adoption by:
• Connecting blockchains & legacy systems
• Transferring data/tokens between public/private chains
• Making key data like NAV, identity, & pricing available onchain
• Adding privacy to onchain workflows
<blog.chain.link/chainlink-banking-capital-markets-announcements/>
The #Chainlink standard powers the tokenized asset industry.
This Chainlink Digital Asset Insights report examines prominent events in Q3 2024, including Chainlink's pivotal role in enabling smart, secure, and scalable tokenized RWAs.
Chainlink Labs' Angie Walker on the groundbreaking opportunity to tokenize and fractionalize real-world assets such as The Shard skyscraper in London:
“It’s like the man in the street being able to own a shard of The Shard.”
At Singapore FinTech Festival, SBI Digital Markets, UBS Asset Management, and #Chainlink announced a novel automated tokenized fund management solution.
🔗 Full Announcement: <www.prnewswire.com/news-releases/sbi-digital-markets-ubs-asset-management-and-chainlink-complete-pilot-for-automated-fund-administration-and-transfer-agency-using-smart-contracts-302307816.html>
Launched as part of Monetary Authority of Singapore’s Project Guardian, the solution leverages tokenization, smart contracts, and Chainlink infrastructure to show how fund managers can efficiently scale their funds across any chain and distributor.
The solution highlighted how existing systems that are already widely used for fund administration can be successfully made compatible with tokenized funds through the use of Chainlink infrastructure.
A key component of this new fund administration model is the Digital Transfer Agent (DTA) smart contract, which is made possible by utilizing multiple Chainlink oracle networks, and was deployed by SBIDM (custodian and fund distributor).
While the UBS tokenized fund operates on Ethereum, Chainlink CCIP enabled subscriptions/redemptions to occur seamlessly across multiple chains where fund tokens are deployed.
Benefits to fund management include enhanced efficiencies, decreased costs, reduced manual communication from fund distributors to fund issuers, as well as higher levels of security and transparency for investors.
The solution is live on multiple blockchain testnets and is expected to go to blockchain mainnet.
That's a wrap on Devcon 🇹🇭
The community gathered in Bangkok for insightful panels with #Web3 visionaries, valuable networking sessions, and hands-on workshops led by Chainlink dev experts.
See you next year, Devcon.
The world's largest financial market infrastructures and institutions are leveraging #Chainlink:
• Globally-connected FMIs
• Settlement systems
• Top asset managers by AUM
• Institutional & central banks
Chainlink's biggest work in capital markets ↓
<blog.chain.link/chainlink-banking-capital-markets-announcements/>
We’re excited to announce a new cross-chain, cross-border solution with ANZ Bank, ADDX, and Chainlink under the Monetary Authority of Singapore’s (MAS) Project Guardian: <addx.co/files/ADDX_ANZ_Chainlink_Press_Release_6_Nov_2024_4f0520e99d.pdf>
The solution shows how CCIP Private Transactions unlock privacy-enabled cross-chain, cross-border connectivity for tokenized commercial paper.
CCIP Private Transactions enable financial institutions to use the public CCIP network while preventing third parties from accessing private data within private blockchains and cross-chain transactions—including amounts, counterparty details, bid/ask sides, and settlement instructions.
This solution streamlined the entire lifecycle of tokenized commercial paper and proved how regulated financial entities can securely tokenize and execute digital asset transactions using their existing systems while staying within the regulatory frameworks that ensure the integrity of financial markets.
At the Singapore FinTech Festival Insights Forum, Sergey Nazarov unveiled two landmark MAS Project Guardian pilots enabled by #Chainlink:
1. Swift and UBS Asset Management: Bridging tokenized assets to existing payment systems
2. UBS Asset Management and SBI Digital Markets: Cross-chain tokenized funds
1. Tokenized Funds + Swift Payments
Building on Swift and Chainlink’s past work, Swift and UBS Asset Management showed how Chainlink enables digital asset transactions to settle in fiat with payment systems already used by 11K+ institutions in 200+ countries.
2. Cross-Chain Tokenized Funds
UBS Asset Management and SBI Digital Markets showed how Chainlink streamlines fund operations across different blockchains and financial systems, unlocking a shift in operational efficiency and transparency for the $63 trillion mutual fund industry.
<sbidm.com/press-releases/sbidm-commercial-adoption-for-project-guardian/>
Watch the full presentation and panel talk featuring:
• Sergey Nazarov, Co-Founder of Chainlink
• Avanee Gokhale, Global Head of Trade Strategy at Swift
• Winston Quek, CEO at SBI Digital Markets
• Andrew Wong, Executive Director at UBS Asset Management
Keynote slides: <blog.chain.link/wp-content/uploads/2024/11/Enabling-Fund-Administration-of-Tokenized-Funds.pdf>
We’re excited to announce that SBI Digital Markets & UBS Asset Management successfully completed a pilot using #Chainlink CCIP to streamline tokenized fund operations across different chains & financial systems.
Explore the MAS Project Guardian use case: <sbidm.com/press-releases/sbidm-commercial-adoption-for-project-guardian/>
Every few decades, a new runtime powers a financial system revolution.
Today at SmartCon, Sergey Nazarov unveiled the new #Chainlink Runtime Environment.
“Not only will we enable this next economic boom, but we will be at the very epicenter of it.”
Watch his keynote now ↓