CCIP volume hardly changes. There doesn't seem to be much demand for sending coins cross-chain. Even if DTCC uses CCIP for Canton and ETH, for example, why should large volumes flow cross-chain? Do the assets tend to stay on one chain?
Any thoughts on this @CatfishFishy ?
@AltcoinDaily@SergeyNazarov How does Chainlink plan to further integrate the $LINK token into the network beyond the Chainlink Reserve for example, through expanded staking mechanisms, fee payments, or other utility
This is the start of an entirely new paradigm shift of how developers build in our industry.
Developers used to build on blockchains and plug into Chainlink.
Now, developers build on Chainlink and plug into blockchains.
Chainlink’s new architecture (CRE) changes entire process of how app development is anchored and sequenced from.
Old way: Choose chain first -> Build onchain app next-> Choose bridge/oracle at end
New way: Choose Chainlink platform first -> Build all of your chain-agnostic workflows inside CRE and deploy them onto every chain you want your app on -> Add onchain app code at end
“Build Once, Run Everywhere”
Developers won't be deciding between "Do I want to deploy on Chain A or Chain B or chain C?"
Apps and workflows can deploy onto the top 10, top 20, top 50 chains at any moment in time.
This is how institutions adopt blockchains, not by betting on specific chains, but integrating with a global platform that provides them access to any public/private chain.
That’s why financial market infrastructures like Swift, DTCC, Euroclear, and more have adopted Chainlink, they understand the financial system needs an orchestration layer.
We’re excited to announce that @UBS has successfully completed the world’s first in-production, end-to-end tokenized fund workflow leveraging the Chainlink Digital Transfer Agent (DTA) technical standard.
https://t.co/vY8LIKEPlI
UBS—one of the world’s largest private banks with over $6 trillion in AUM—worked with its in-house tokenization unit UBS Tokenize and DigiFT to showcase a live, in-production tokenized fund transaction that leverages the Chainlink DTA technical standard to complete the first-ever subscription and redemption request of a tokenized fund.
This development marks a major achievement that builds upon prior work between UBS and Chainlink within the Monetary Authority of Singapore’s Project Guardian initiative and proves how fund operations can be seamlessly automated onchain for increased efficiency and utility gains. In this live transaction, DigiFT functioned as the onchain fund distributor and leveraged the DTA standard to successfully request and process a subscription and redemption order.
This new end-to-end tokenized fund workflow can cover every stage of the fund lifecycle, including order taking, execution, settlement, and data synchronization across all onchain and offchain systems.
The DTA technical standard leverages key Chainlink platform capabilities, including:
• Chainlink Runtime Environment (CRE) for orchestration across onchain environments and existing in-house systems used by financial institutions.
• Cross-Chain Interoperability Protocol (CCIP) for interoperability across any public or private chain.
• Automated Compliance Engine (ACE) for programmable compliance.
• NAVLink for robust pricing inputs required for fund subscriptions and redemptions.
@C3_Nik What about Chainlink? Partnered with Swift, DTCC, Euroclear, and so on. Looks extremely undervalued when compared to XRP. They are doing exactly what Ripple promised to do. Any thoughts?