#Chainlink CCIP unlocks innovation across the Web3 landscape.
Discover why "selecting CCIP as the cross-chain infrastructure for our proof of concept was an easy choice” for @taurus_hq ↓
We’re excited to announce that #Hedera has officially joined the @IIF (Institute of International Finance), joining the likes of @circle, @coinbase, and @BlackRock, and other leading institutions to collaboratively foster global financial stability and sustainable economic growth.
https://t.co/DRz0W8elqd
California's Department of Motor Vehicles has digitized 42 million of car titles using the #Avalanche network, tapping blockchain tech for modernizing administrative processes.
https://t.co/gyYpntIfXY
What else can an Avalanche L1 do?
The California DMV is launching its own chain on Avalanche to modernize the vehicle title transfer experience for CA's 39M+ residents 🫡
In partnership with @oxheadalpha, the @CA_DMV has already successfully digitized 42M car titles on-chain. 👇
The idea of tokenization is gaining momentum across the financial world.
Recently, @RobinhoodApp Co-founder and CEO @vladtenev said he believes that tokenization is the ‘next transition’ for the future of financial services.
Read more from @leomschwartz on @FortuneMagazine: https://t.co/PNYNklVi73
Unlocking the massive opportunity of asset tokenization requires blockchain interoperability to maximize liquidity, user access, and programmability.
#Chainlink CCIP was purpose-built to be the secure, cross-chain standard that underpins onchain asset economies.
SCOOP: @coinbase's asset management arm is creating a tokenized money-market fund, according to four people familiar with the plan. It's a hot area of crypto after @BlackRock's $BUIDL success.
@IanAllison123 reports
https://t.co/Hx3RCL9pmL
ETH ETFs have arrived.
Today, the SEC approved 9 spot ETH ETF applications. Their much celebrated arrival marks another important milestone for crypto in expanding access to and diversifying our cryptoeconomy.
Here’s why 🧵
1/6 @SergeyNazarov's View on @chainlink & SWIFT Partnership
Recently, Sergey Nazarov, SWIFT's Strategy & Innovation, Digital Assets Jack Pouderoyen, & Coindesk Deputy Managing Editor @skesslr went on stage to discuss Chainlink and SWIFT cooperation.
Here are the key takeaways 🧵
Real World Asset (RWA) tokenization is the next big trend in the blockchain industry and I believe it is on track to hold more onchain value than cryptocurrencies.
More in the presentation linked here https://t.co/I6UiU5lLBD , with some key points below.
RWAs have already surpassed DeFi in terms of the total value they hold, with DeFi being the biggest trends to redefine the blockchain industry over the last 4 years.
The amount of value that can be quickly turned into an RWA is in the tens of trillions, with only a very small percentage currently being in the RWA format. This includes all commodities, all real estate, all funds, and much more.
Large institutions like Blackrock, Fidelity, and others are already participating in the RWA trend through tokenized funds, with many more to come.
RWAs are a superior format for more secure ownership and transferability of asset via rapid transfer onchain.
RWA can be purchased and transferred across different countries and their separate financial systems with less friction than the current system. Providing easier access to global liquidity, a dynamic that has helped grow cryptocurrency for years.
RWAs have the ability to hold critical pieces of data that prove important things about the underlying asset much quicker and more effectively than traditional systems. Good examples are Chainlink's usage to put NAV data on-chain for large CSDs and proof of reserve about the current state of an underlying asset.
RWAs are in the very early stages of creating efficiency for their assets using onchain logic. As more of a fund’s administration/operations goes on-chain, you eventually get to huge increases in efficiency with even large decreases in the costs of operating a fund. For example, the placing of NAV data on-chain at faster rates than the current system can massively speed up the timeline on which you can redeem, lowering it from months to minutes, which has a large economic benefit.
In collaboration with @The_Hashgraph, @Deloitte has introduced their Environmental & Social Impact (ESI) Platform - providing unparalleled levels of assurance in environmental impact measurement using #Hedera for corporations to drive net zero goals.
⚙️ https://t.co/SrdWv2u4du
Further reading 📰 https://t.co/1ulgYXFUJa
🌟 The future of AI is here! @_RobToews ' latest piece on @Forbes highlights the incredible potential for startups in the world of AI agents. Check it out: https://t.co/NI4WoQIS3P
Whether to hedge against crypto volatility, add utility and efficiencies, or streamline access to alternatives, tokenized RWAs make sense for investors and institutions alike, says @Jason_Barraza_@TokenAdvisors.
https://t.co/l9IQ06SWGn
Chainlink x Sygnum x Fidelity International: First Step to Tokenization of Trillions
1/6 On July 3, @sygnumofficial announced that @Chainlink will provide Fidelity International's $6.9 billion Institutional Liquidity Fund data on-chain.
This is a big news for Chainlink 🧵