Hassan Maishera
Chainlink announced on Tuesday via X that Space and Time has adopted the Chainlink privacy standard to power its Virtual Vaults.
With this integration, lenders can verify collateral held on private venues including exchange accounts, prime brokers, and internal systems, without the borrower's identity or raw positions ever being exposed.
Virtual Vaults are custom credit vaults where the collateral backing a loan is cryptographically proven.
Each vault is configured to a single lending agreement (eligible assets, venues, thresholds) and verified continuously against live data.
Chainlink Confidential HTTP brings private data in without exposing it. Space and Time then proves what's true about that data, running the lender's own covenant query and settling a ZK proof of the result onchain.
Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructure, such as SWIFT, DTCC, Euroclear, J.P. Morgan, Mastercard, the Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others, are adopting Chainlink as a fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 1% over the past 24 hours, trading at $12.55.
