It’s literally happening
Banks move slow but they ARE moving
This year's SIBOS is the biggest one yet for Chainlink. Moving our work forward with Swift on interoperability, as well as announcing our work with the DTCC, Euroclear, UBS, DBS, BNP and many others on solving key problems like corporate actions for successful institutional tokenization by the TradFi industry.
Digital Transfer Agency launching with UBS and DataLink launching with Deutsche Borse are also very big because Chainlink clearly solves two of institutional tokenization's largest challenges; on-chain transfer agency and institutional grade data for digital assets.
At this SIBOS I think it has become clear to everyone in the TradFi and DeFi community that the Chainlink Stack is the only system where you can get all of your digital asset challenges solved using a single standard.
It is important to remember that solving just one of these problems is not enough to make institutional transactions happen on-chain at scale. Institutional tokenization and institutional capital flows in the trillions require multiple conditions to be met; on-chain data, cross-chain connectivity, on-chain compliance, on-chain asset servicing e.g. corporate actions, legally binding transfers e.g. transfer agency and many others depending on the use case. If we want institutional tokenization to happen at scale and for that scale to turn into trillions of dollars in capital flowing on-chain, there needs to be a single global standard that solves these problems on-chain, in a way that works for both the institution and the regulators they are overseen by.
More to come and very excited about the Chainlink Stacks ability to solve these problems in one standard.
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