Chainlink Secures Partnership With $670,000,000,000 Bank, As Sergey Nazarov Says SWIFT Project Going ‘Very Well’

0 3

knife

The decentralized oracle service Chainlink (LINK) is teaming up with lending giant Australia and New Zealand Banking Group (ANZ).

According to a press release from Chainlink, ANZ participated in a case study involving the oracle’s new Cross-Chain Interoperability Protocol (CCIP) technology.

The case study reportedly demonstrated that ANZ-issued stablecoins could be transferred cross-chain via CCIP to purchase nature-based assets.

In a paper released by Chainlink Labs in collaboration with ANZ, the authors say that CCIP could be what catalyzes the adoption of tokenized assets by institutions.

“The case study presented in this paper demonstrates that financial institutions can provide clients with secure access to a wide range of tokenized assets and digital asset services, even across different public and private blockchains. This can vastly simplify the user experience of interacting with digital assets while
providing financial institutions with a way to serve client demand without substantial modifications to their existing infrastructure… 

Similar to how interoperability standards transformed the Internet and global banking, a cross-chain interoperability standard could accelerate the adoption of tokenized assets amongst financial institutions.”

In June, SWIFT announced it was testing blockchain interoperability with over a dozen financial institutions on the Chainlink network.

In a new interview on CNBC, Chainlink creator Sergey Nazarov says that the collaboration with SWIFT was going “very well.”

“All the key goals we wanted to achieve were achieved. We were able to use SWIFT messages, a widely used existing banking standard for initiating blockchain events through CCIP, the cross-chain interoperability protocol made by the Chainlink network.

We were also able to connect multiple private bank chains so that different banks on their respective chains could transact with each other from their chains. And we were able to connect those private bank chains to public chains so that those private banks could also transact with public chain contracts like DeFi (decentralized finance). And so all three of those goals were successfully proven.”

I

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Terablete

The post Chainlink Secures Partnership With $670,000,000,000 Bank, As Sergey Nazarov Says SWIFT Project Going ‘Very Well’ appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 66,145.72
ethereum
Ethereum (ETH) $ 3,554.16
tether
Tether (USDT) $ 0.999832
bnb
BNB (BNB) $ 603.52
solana
Solana (SOL) $ 146.62
staked-ether
Lido Staked Ether (STETH) $ 3,550.85
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.487215
dogecoin
Dogecoin (DOGE) $ 0.133819
the-open-network
Toncoin (TON) $ 7.90
cardano
Cardano (ADA) $ 0.409455
shiba-inu
Shiba Inu (SHIB) $ 0.00002
avalanche-2
Avalanche (AVAX) $ 29.27
tron
TRON (TRX) $ 0.117238
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,186.73
chainlink
Chainlink (LINK) $ 14.72
polkadot
Polkadot (DOT) $ 6.25
bitcoin-cash
Bitcoin Cash (BCH) $ 418.84
uniswap
Uniswap (UNI) $ 10.96
near
NEAR Protocol (NEAR) $ 5.40
litecoin
Litecoin (LTC) $ 77.72
matic-network
Polygon (MATIC) $ 0.604823
leo-token
LEO Token (LEO) $ 5.93
wrapped-eeth
Wrapped eETH (WEETH) $ 3,695.31
dai
Dai (DAI) $ 0.999724
pepe
Pepe (PEPE) $ 0.000012
internet-computer
Internet Computer (ICP) $ 9.21
kaspa
Kaspa (KAS) $ 0.156755
ethereum-classic
Ethereum Classic (ETC) $ 24.70
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,546.44
ethena-usde
Ethena USDe (USDE) $ 1.00
fetch-ai
Fetch.ai (FET) $ 1.38
aptos
Aptos (APT) $ 7.68
monero
Monero (XMR) $ 174.77
render-token
Render (RNDR) $ 7.93
hedera-hashgraph
Hedera (HBAR) $ 0.083534
filecoin
Filecoin (FIL) $ 5.13
mantle
Mantle (MNT) $ 0.868875
stellar
Stellar (XLM) $ 0.09722
cosmos
Cosmos Hub (ATOM) $ 7.10
okb
OKB (OKB) $ 45.74
blockstack
Stacks (STX) $ 1.83
crypto-com-chain
Cronos (CRO) $ 0.096549
arbitrum
Arbitrum (ARB) $ 0.891601
first-digital-usd
First Digital USD (FDUSD) $ 0.997641
dogwifcoin
dogwifhat (WIF) $ 2.47
immutable-x
Immutable (IMX) $ 1.62
injective-protocol
Injective (INJ) $ 23.91
sui
Sui (SUI) $ 0.922811
maker
Maker (MKR) $ 2,371.92
optimism
Optimism (OP) $ 2.01
the-graph
The Graph (GRT) $ 0.224043
vechain
VeChain (VET) $ 0.028493
bittensor
Bittensor (TAO) $ 292.96
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,945.28
lido-dao
Lido DAO (LDO) $ 2.13
floki
FLOKI (FLOKI) $ 0.000193
notcoin
Notcoin (NOT) $ 0.018158
arweave
Arweave (AR) $ 27.46
jasmycoin
JasmyCoin (JASMY) $ 0.036782
fantom
Fantom (FTM) $ 0.62331
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,681.05
ondo-finance
Ondo (ONDO) $ 1.12
theta-token
Theta Network (THETA) $ 1.60
bonk
Bonk (BONK) $ 0.000024
bitget-token
Bitget Token (BGB) $ 1.14
based-brett
Brett (BRETT) $ 0.154896
thorchain
THORChain (RUNE) $ 4.54
celestia
Celestia (TIA) $ 7.84
coredaoorg
Core (CORE) $ 1.61
whitebit
WhiteBIT Coin (WBT) $ 9.60
eos
EOS (EOS) $ 0.639505
pyth-network
Pyth Network (PYTH) $ 0.349683
aave
Aave (AAVE) $ 84.93
algorand
Algorand (ALGO) $ 0.14949
jupiter-exchange-solana
Jupiter (JUP) $ 0.895949
sei-network
Sei (SEI) $ 0.389616
quant-network
Quant (QNT) $ 80.77
ethena
Ethena (ENA) $ 0.716004
starknet
Starknet (STRK) $ 0.881938
flare-networks
Flare (FLR) $ 0.02682
cheelee
Cheelee (CHEEL) $ 20.14
gala
GALA (GALA) $ 0.03135
gatechain-token
Gate (GT) $ 8.55
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,598.07
flow
Flow (FLOW) $ 0.687696
kucoin-shares
KuCoin (KCS) $ 10.30
bitcoin-sv
Bitcoin SV (BSV) $ 47.86
beam-2
Beam (BEAM) $ 0.019144
axie-infinity
Axie Infinity (AXS) $ 6.50
tokenize-xchange
Tokenize Xchange (TKX) $ 11.72
zebec-protocol
Zebec Protocol (ZBC) $ 0.018255
bittorrent
BitTorrent (BTT) $ 0.00000094795398
ordinals
ORDI (ORDI) $ 43.32
dydx-chain
dYdX (DYDX) $ 1.47
elrond-erd-2
MultiversX (EGLD) $ 32.21
neo
NEO (NEO) $ 12.25
chiliz
Chiliz (CHZ) $ 0.095638
gnosis
Gnosis (GNO) $ 326.47
pendle
Pendle (PENDLE) $ 5.43