The launch of CCIP 2.0 is something we've been working on with the world's top financial institutions for a while, we have now implemented their feedback on what is needed for institutional grade bridging of data and the movement of the digital assets themselves across both public and private chains.
The response from the capital markets community here at Sibos has been very positive, and it is clear that the additional compliance, risk management, configurability and network participation capabilities of CCIP 2.0 are something that institutions find attractive and useful.
I think the digital asset industry will end up at a new level of risk management for their data all of their tokenized value; where digital assets that are not bridged via a secure method and/or are relying on data that can be manipulated, will be viewed as much more risky. If the digital assets that bridge via providers which are not secure by default and/or keep repeatedly losing bridging keys, then they will receive worse asset risk scores which necessarily leads to worse terms for their usage as collateral, their inclusion on a balance sheet, and various other use cases. In some cases we are already seeing that having unreliable bridging or easy to manipualte data for valuation is leading to some digital assets to not be accepted for collateral or other users cases at all.
We are now working closely with top FMIs, the leading banks, top asset managers, top GSIs and various capital markets technology providers to enable digital assets to operate in a derisked way, to unlock the liquidity found in public chains and to efficiently connect the next generation of digital assets to the benefits of DeFi.
https://t.co/rYzhSWCcPY
Chainlink Unleashes Fulcrum To Enable 24/7 Cross-Blockchain Institutional Repo Marketplaces
@Chainlink officially unveils its Chainlink Fulcrum solution, an institutional funding platform that enables cross-chain repurchase agreement (repo) transactions on both public and private blockchains.
The protocol aims to solve the problem of 25% of institutional collateral being stranded due to outdated operations, causing losses of around $346M annually for the average Tier 1 company, according to @Citi insights.
It is designed to decouple agreement governance from settlement network islands, creating an open protocol for 24/7 secured lending.
@AltcoinDaily So the cftc and sec start pumping out their own rules and she wants the clarity act all of a sudden. I bet she rewrites it in favor of the banks. She’s bought.