Chainlink partners with SBI Digital Markets for digital asset solutions
Chainlink has partnered with SBI Digital Markets (SBIDM), part of Japan's SBI Group, to develop digital asset solutions using cross-chain interoperability technology. The collaboration focuses on utilizing Chainlink's CCIP protocol to securely manage tokenized funds across multiple blockchains. Previously, Chainlink CCIP has supported institutional partnerships such as UBS Asset Management’s pilot and projects with Ondo Finance, Swift, and Euroclear to integrate tokenized assets into traditional markets.
Decentralized Lending
Oracles
Real World Assets
Chainlink Partners with SBI Digital Markets
Chainlink, a decentralized oracle network, has announced a new partnership with SBI Digital Markets (SBIDM), the digital asset division of Japan's major financial conglomerate, the SBI Group. The collaboration focuses on developing digital asset solutions using cross-chain interoperability technology, marking a strategic move in advancing blockchain integration.
Focus of the Partnership: Chainlink CCIP
The partnership centers around Chainlink's CCIP (Cross-Chain Interoperability Protocol). This protocol enables secure and interoperable operations for tokenized funds, facilitating seamless interactions across multiple blockchains. This positions Chainlink CCIP as a key enabler in tokenized asset issuance and distribution initiatives led by SBIDM.
SBI Group's Blockchain Strategy
SBIDM is a leader in tokenized asset issuance and distribution, actively contributing to the broader blockchain integration strategy of the SBI Group. By collaborating with Chainlink, SBIDM aims to enhance its capabilities in leveraging cutting-edge cross-chain technology to address evolving market demands in digital finance.
Previous Institutional Collaborations
Prior to this partnership, Chainlink CCIP had already established significant collaborations with major financial institutions. Notably, UBS Asset Management completed a pilot project with SBIDM using Chainlink CCIP to enable end-to-end tokenized fund workflows across blockchains. This demonstrated CCIP's capability in enhancing efficiency and interoperability in complex financial operations.
Other Key Collaborations Featuring Chainlink CCIP
Chainlink has not stopped at institutions like UBS. It has also partnered with Ondo Finance to integrate cross-chain functionality for tokenized real-world assets across multiple blockchains. This collaboration further solidifies Chainlink's role in bringing real-world assets into the blockchain ecosystem.
Integration with Traditional Capital Markets
Chainlink’s infrastructure supports collaborations with key financial institutions like Swift and Euroclear. These partnerships are aimed at integrating tokenized assets into traditional capital markets, bridging the gap between conventional finance and blockchain-based solutions.