Chainlink, a leading blockchain oracle network, has announced a significant strategic partnership with the SBI Group, a major financial services company in Japan. The collaboration is designed to accelerate the global adoption of blockchain and digital assets by focusing on cross-chain tokenization of <b>real-world assets (RWAs)</b>. This partnership will leverage Chainlink’s <b>Cross-Chain Interoperability Protocol (CCIP)</b> to enable a wide range of use cases, including tokenized funds and regulated <a href="https://www.cryptoknowmics.com/news/stablecoins-and-xrp-redefining-cross-border-payments-landscape/">stablecoins</a>, with an initial focus on the Japanese market.
<h2>New Use Cases and Broader Market Impact</h2>
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The alliance will utilize Chainlink’s advanced technology to bring critical data on-chain. For instance, <b>Chainlink’s SmartData</b> will be used to provide net asset value data for tokenized funds, which is essential for increasing liquidity and improving operational efficiency. The partnership will also employ <b>Chainlink’s Proof of Reserve</b> to offer transparent, on-chain verification of the assets backing stablecoins.

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This collaboration builds on their previous work with the Monetary Authority of Singapore’s (MAS) Project Guardian. While the on-chain value of tokenized RWAs has reached a new all-time high, it remains a small part of the multi-trillion-dollar traditional finance sector, indicating massive potential for future growth.

Chainlink and SBI Group Partner for Cross-Chain Tokenized RWAs

Chainlink and Japan's SBI Group partner to accelerate the tokenization of real-world assets, using CCIP for cross-chain data.

Chainlink and SBI Group Partner for Cross-Chain Tokenized RWAs

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