Chainlink and SBI Join Forces to Integrate Blockchains and Boost Institutional Adoption of Tokenized Assets
Chainlink, a prominent decentralized oracle network, has revealed a strategic alliance with SBI Digital Markets (SBIDM), the digital asset arm of Japan’s SBI Group, to create cross-chain digital asset solutions. This partnership is intended to boost institutional use of tokenized assets by utilizing Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which allows for secure operations across multiple blockchains. SBIDM, specializing in the issuance and distribution of tokenized assets, will adopt Chainlink’s technology to support SBI Group’s broader blockchain integration plans.
This collaboration expands on Chainlink’s ongoing institutional projects with
Chainlink’s CCIP is engineered to enable secure transfers of data and value between different blockchains, tackling the scalability and interoperability issues that have previously limited broader adoption. By supporting seamless tokenized fund activities, the partnership with SBIDM could help establish SBI Group as a major force in Japan’s rapidly developing digital asset sector, which has experienced notable progress in both regulation and technology in recent years.
