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
TODAY: Chainlink announced it is working to enable financial institutions to connect to @swiftcommunity’s blockchain ledger through the Chainlink platform.
Swift moves the equivalent of the world's GDP roughly every three days ⬇️
Chainlink unifies blockchains and today's financial systems, unlocking:
• Global liquidity
• Always-on markets
• Seamless connectivity
• Near-instant settlement
• Novel products & services
• Automated risk management
The interoperability standard for digital finance.
NEW: Top-three Swift service provider, Bottomline, has entered a strategic partnership with Chainlink to unlock cross-chain, cross-border payments for its 600+ bank customers.
Bottomline moves more than $16 trillion in payments annually across its platforms.
Through the partnership, Chainlink is providing the secure interop and orchestration layer connecting Bottomline’s existing payment infrastructure to public and private blockchains.
TradFi is moving onchain at a rapidly accelerating pace, and CCIP is enabling tokenized value to move securely across chains, with the Chainlink Runtime Environment (CRE) coordinating payment workflows end-to-end.
The result is that Bottomline’s banks can continue using familiar ISO 20022 messaging to access onchain payment rails through a single, network-agnostic connection.
NEW: Charles Schwab to add LINK to its Schwab Crypto platform.
As the largest brokerage in the U.S., Charles Schwab serves 40 million brokerage accounts and manages $11.77 trillion in client assets.
JUST IN: Sergey Nazarov speaks at the White House on tokenization's impact on the American economy
“There’s a very real and tangible outcome that’s benefiting the adoption of U.S.-issued assets and the U.S. dollar”
LINK Everything
NEW: @Figure is bringing the $1.6+ trillion U.S. auto loan market to DeFi, powered by Chainlink.
Backed by auto loans from Figure, @HastraFi’s AUTO markets are now live and secured by Chainlink Data Streams on @kamino.
Congratulations to @The_DTCC on processing its first-ever production trades of tokenized U.S. securities, powered by Chainlink alongside 30+ major institutions:
• BlackRock
• J.P. Morgan
• Goldman Sachs
• Vanguard
• NYSE
• Nasdaq
• CME Group
• Microsoft
• State Street Investment Management
• BNP Paribas Securities Corporation
• Societe Generale
• S&P Dow Jones Indices
• Citadel Securities
• FTSE Russell
• Invesco
• Broadridge
• Tradeweb
+ many more
With quadrillions processed annually as critical infra underpinning U.S. securities markets, DTCC is now bringing tokenization to the American financial system.
This pivotal industry milestone sets the stage for the official launch of the DTCC Collateral AppChain later this year, where Chainlink is unlocking 24/7 collateral management for DTC-tokenized assets.
Chainlink is the only full-stack oracle platform that supports every key requirement of advanced onchain use cases:
→ Data
→ Interop
→ Privacy
→ Compliance
→ Orchestration
7 years ago today, Chainlink launched on mainnet with a single price feed.
Now, Chainlink's unified oracle platform powers 70%+ of DeFi and is bringing the world's largest institutions onchain.
LINK THE WORLD 🔗
Fidelity International has over 2.8 million customers with $1+ trillion total client assets.
Chainlink is now powering its newly launched tokenized fund FILQ.
Fidelity International 🔗 Chainlink