With $147+ trillion in global assets under management, modernizing fund infra is a critical step for global capital markets.
How Chainlink enables tokenized funds at institutional scale ↓
Chainlink is working with @swiftcommunity and more than a dozen major financial institutions on experiments to enable connectivity to and interoperability across public and private blockchains: https://t.co/2kAHZQ49Pg
These experiments are a significant step forward from the biggest financial players across the globe to #LinkTheWorld of traditional finance to blockchains.
“As banks endeavor to access multiple blockchains,” @SergeyNazarov explains, “a common connectivity layer across the various chains will be a critical building block for their adoption of on-chain finance.”
@MacroAlf But what happens if a bank buys bond from an investor and sells it to fed. Bank gets reserves and the investor gets deposits, which then drives up m2?
@C3rth@DonladRook Bancor was never profitable enough to offset impermanent loss by their profits. Even most of the Uniswap v3 LPs are losing money. By printing their native token to offset IL, they opened the possibility for death spiral. They were not rugged by one entity.
@maggielove_ But will they let North Koreans or Iranians to buy up US assets on a pseodonymous blockchain and allow companies to pay automatic dividends to anyone owning those assets?
@newmind007 @king_mozzarella My thoughts excactly. The revenue will be incredibly small at first, but long term it can capture huge market share. Also liquid staked link is excactly what we need on lending pools.