Hassan Maishera
Chainlink announced via X on Monday that it has entered into a strategic partnership with Sooho, a blockchain fintech company. The partnership will see the two entities explore tokenized asset & CBDC use cases in South Korea, Japan, Thailand, and other Asian markets.
The main areas of cooperation include the introduction of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to Korean financial institutions and the utilization of Chainlink’s Proof of Reserve for verification of prepaid settlement reserves. It also involves on-chain provision of Net Asset Value (NAV) data.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 2% over the past 24 hours, trading at $10.63 at press time.
