Hassan Maishera
Chainlink announced via X on Monday that it has partnered with SBI Group (SBI), one of Japan's largest financial conglomerates, with the USD equivalent of over $200 billion in total assets.
The partnership is focused on accelerating blockchain and digital asset adoption across global markets. This strategic collaboration combines SBI's deep market expertise with Chainlink's secure and reliable infrastructure for data and interoperability, used by leading financial institutions and DeFi applications worldwide.
SBI and Chainlink's strategic partnership focuses on a number of key use cases for financial institutions in Japan and the APAC region. This includes enabling cross-chain tokenized real-world assets, such as real estate and bonds, utilising Chainlink's Cross-Chain Interoperability Protocol (CCIP), a protocol that enables secure transactions across any chains while ensuring compliance and privacy. CCIP and Chainlink SmartData will also be leveraged to bring net asset value (NAV) data onchain for tokenized funds, which helps to unlock liquidity and improve operational efficiency. The partnership will also focus on facilitating payment versus payment (PvP) for FX and cross-border transactions using Chainlink CCIP, whilst also leveraging Chainlink Proof of Reserve to provide transparent onchain verifications of the reserves backing stablecoins.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 0.19% over the past 24 hours and is trading at $25.9 at press time.
