Chainlink announced via X on Tuesday that Saudi Awwal Bank, one of Saudi Arabia’s largest banks with over $100 billion in total assets, is leveraging several Chainlink services.
SAB is leveraging Chainlink services to facilitate the deployment of next-generation onchain applications in Saudi Arabia. SAB is accelerating the adoption of onchain finance across the region by enabling developers to build with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE).
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 0.4% over the past 24 hours and is trading at $23.26 at press time.