🔥 HUGE: Chainlink and 24 major financial institutions unveiled a unified standard for asset servicing.
Powered by AI and blockchains, it targets $58B+ in annual post-trade inefficiencies.
LINK EVERYTHING:
⬡ Swift
⬡ Euroclear
⬡ UBS
⬡ Kinexys by J.P. Morgan
⬡ Mastercard
⬡ S&P Dow Jones Indices
⬡ Hong Kong Monetary Authority
⬡ Monetary Authority of Singapore
⬡ State Street
⬡ Central Bank of Brazil
⬡ Clearstream
⬡ FTSE Russell
⬡ WisdomTree
⬡ Deutsche Börse Group
⬡ BNY Mellon
⬡ Intercontinental Exchange (ICE)
⬡ Citi
⬡ Bermuda Monetary Authority
⬡ BNP Paribas
⬡ Edward Jones
⬡ Franklin Templeton
⬡ Wellington Management
⬡ Invesco
⬡ Fidelity International
⬡ U.S. Bank
⬡ Lloyds Banking Group
⬡ ANZ Bank
⬡ Broadridge
⬡ Tradeweb
⬡ MFS Investment Management
⬡ SBI Group
⬡ American Century Investments
⬡ Vontobel
⬡ Bancolombia
⬡ American Trust Custody
⬡ Banco Inter
⬡ Sygnum Bank
⬡ SIX Digital Exchange
⬡ ADDX
⬡ 21X
⬡ APEX Group
⬡ BX Digital
⬡ Hamilton Lane
⬡ Standard Chartered
⬡ Sumitomo
⬡ SAB
⬡ Westpac
⬡ Emirates NBD
https://t.co/y7ynxWkaGD
[ CHAINLINK ]
JUST ADDED: THE FEDERAL RESERVE WILL PARTICIPATE IN SMARTCON NEW YORK ON NOVEMBER 4, JOINING CHAINLINK DIRECTOR OF CAPITAL MARKETS RYAN LOVELL FOR A FIRESIDE CHAT ON THE FUTURE OF FINANCIAL INFRASTRUCTURE.
• Swift: Processes a volume of transactions equivalent to the world's Gross Domestic Product (GDP) approximately every three days.
• DTCC: Clears up to $3.7 quadrillion in transactions per year as the primary central clearing and settlement infrastructure for U.S. securities.
• Euroclear: Custodied up to €40.7 trillion in assets in 2024 as one of the dominant settlement/custody infrastructures in Europe.
• UBS: Manages over $6 trillion in invested assets, making it one of the world’s largest wealth managers in the global capital markets.
• DBS Bank: Oversees more than S$827 billion in assets, serving as Southeast Asia’s largest bank and a pioneer in digital banking innovation.
• BNP Paribas Securities Services: Safeguards over €12 trillion in assets under custody, ranking among the top global custodians for institutional clients.
• ANZ: Has over A$1 trillion in assets under management, serving as one of the largest banks driving trade and financial flows across Asia-Pacific.
• Wellington Management: Manages over $1.2 trillion in assets for institutional investors, including sovereign wealth funds, pension plans, and endowments.
• Schroders: Oversees more than £750 billion in assets as a global asset manager with a 200+ year history.
• Zürcher Kantonalbank (ZKB): Has over CHF 200 billion in assets under management as Switzerland’s largest cantonal bank and a key player in domestic capital markets.
• Vontobel: Manages CHF 220 billion+ in client assets globally, specializing in wealth management, active asset management, and investment solutions
• CTBC Bank: Manages assets of over NT$6 trillion, serving as Taiwan’s largest privately owned bank.
• Causeway Capital Management: Manages over $62 billion in global and international equity strategies, serving institutional clients across North America, Europe, and Asia.
• Sygnum Bank: Has over CHF 4.5billion in assets under administration as one of the world’s first regulated digital asset banks.
• AMINA Bank: Grew its assets under management to $4.2 billion in 2024 as a fully licensed Swiss crypto bank managing regulated custody and trading services for institutional and private clients with growing digital asset volumes.
• Zand Bank: Is recognized as the first fully licensed all-digital bank in the United Arab Emirates (UAE), offering institutional-grade digital asset custody services under its banking license.
• SIX Group: Operates Switzerland’s primary stock exchange and financial market infrastructure, clearing and settling securities transactions worth trillions annually.
• TMX Group: Runs Canada’s leading exchanges, including the Toronto Stock Exchange, with a combined listed market capitalization exceeding CAD $5 trillion.
• CEVALDOM: Provides settlement and custody for billions in securities transactions each year as the Dominican Republic’s central securities depository.
• Grupo BMV: Operates Mexico’s main securities exchange and central depository, overseeing trading volumes in the trillions of pesos annually.
• ADDX: Tokenizes private market assets, enabling fractionalized investment access to products traditionally limited to large institutions, with billions in tokenized offerings issued.
• Orbix Technology: Develops blockchain-based market infrastructure solutions, advancing tokenization and digital settlement for financial institutions.
• Marketnode: Is A joint venture between SGX and Temasek that launched Singapore’s digital bond issuance platform, facilitating billions in tokenized fixed income products.
• Wamid: Operates as a Tadawul Group subsidiary leading digital infrastructure in Saudi Arabia’s capital markets.
Explanation of the current npm hack
In any website that uses this hacked dependency, it gives a chance to the hacker to inject malicious code, so for example when you click a "swap" button on a website, the code might replace the tx sent to your wallet with a tx sending money to hacker
But in your wallet you'd still see the bad tx and need to approve it, its not like you'll instantly get drained
Furthermore, this will only impact websites that pushed an update since the hacked npm package was published, as other projects will have the old version
And most projects pin their dependencies, so even if they push an update they'll keep using the old safe code
So your wallet is safe and the effective impact area is much smaller than "all websites", but since you cannot really know if a project pinned dependencies, or if they have some dynamically downloaded dependency (very unlikely), it's just safer to avoid using crypto websites till this blows over and they clean up the bad packages
. @chainlink has one of the most vibrant communities in Crypto.
Chainlink didn’t become a movement because it was flashy, it became one because @SergeyNazarov and team were first - and they delivered.
They built something invisible yet essential: a standard for secure oracle networks. Without it, DeFi wouldn’t scale. And the community saw that. They educated, shipped, explained, and contributed because they understood the stakes.
The result? Not just a product. A protocol. A mission. A network effect with thousands building on top of it.
.@EuroclearGroup, one of the world’s largest providers of domestic and cross-border settlement and related services, is a Title sponsor of this year's SmartCon.
Join the leaders defining the future of finance in NYC from Nov 4-5 ↓