Hassan Maishera
Chainlink announced via X on Wednesday that T-RIZE has adopted Chainlink to power proof of insurance for its novel tokenized private credit product on Canton Network.
With Chainlink bringing insurance coverage data onchain, T-RIZE is eliminating manual processes for RWAs in the $3 trillion private credit market.
Developed as part of the KDLN issuance, this novel tokenized asset solution enables authorized participants to independently verify the digital representation of insurance coverage associated with their tokenized investment, powered by industry-standard Chainlink infrastructure on the Canton Network.
The solution extends deep integration between the Chainlink platform and Canton Network, with key Chainlink services, such as Data Streams, SmartData, Proof of Reserve, and CCIP, already live on the layer-1 blockchain adopted by major financial institutions.
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and a market leader powering the majority of decentralized finance (DeFi). Chainlink stands to benefit most from emerging blockchain industry trends, such as stablecoin adoption, real-world asset tokenization, and institutional adoption of blockchain technology.
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 $7.50.
