It is increasingly clear that blockchain technology is likely here to stay, with 97% of institutional investors anticipating tokenization will evolve asset management processes and $100 trillion worth of assets in the U.S. 这可能有一天会转移到连锁上. Rather than embarking on a wholesale rebuild of existing capital markets infrastructure, financial institutions are increasingly collaborating with innovative Web3 technology platforms like Chainlink to explore how capabilities can be embedded into their existing systems where possible to accelerate the real-world impact of blockchain technology in the global financial system. Our exploration in this space started with our collaborative work with Chainlink as part of Swift’s interoperability project.
存 and Chainlink Collaborate on Swift’s Blockchain Interoperability Project
As a premier financial market infrastructure provider, 存 automates and standardizes the processing of financial transactions, 减轻风险, 提高透明度, 提高性能, and driving efficiency for thousands of broker/dealers, 托管银行, 以及全球的资产管理公司. One of the cornerstones of success for 存 and other major financial market infrastructure providers (FMIs) like Swift has been the establishment of industry standards that allow a multitude of financial institutions operating on disparate systems and in different jurisdictions to conduct business in a secure and efficient manner.
Swift’s project explored standardization in blockchain interoperability, by showcasing how financial institutions and FMIs can utilize their existing Swift connection in combination with Chainlink to instruct the transfer of tokenized assets across public and private blockchains. Chainlink CCIP was used on the backend by Swift to facilitate secure cross-chain messaging and token transfers, while 存 served as a token issuer and central securities depository (CSD). 更具体地说, 存 minted and issued ‘BondTokens’ compatible with Chainlink CCIP and distributed them to Swift’s designated test wallets. Explore the Swift interoperability project in more detail in the new report, “Connecting blockchains: Overcoming fragmentation in tokenized assets.”
Our involvement in Swift’s blockchain interoperability project underscores our commitment to staying at the forefront of FMI innovation and creating new opportunities for our clients to optimize their financial operations and achieve new value via digital technologies.
Overview of how Chainlink CCIP interfaces with existing Swift infrastructure to orchestrate the secure transfer of tokens across blockchain networks.
Chainlink CCIP facilitates the secure transfer of tokens across blockchain networks.
解锁资本市场互操作性
近年来, it has become increasingly clear that FMIs like 存 can play key roles in delivering robust connectivity to and across blockchains. Our desire to explore this capability led to a series of conversations with the Chainlink Labs team around how CCIP could potentially serve as a universal gateway for interacting with blockchains for new and existing backend systems. Following the successful collaboration on the Swift project, 存 has begun work with Chainlink to explore additional opportunities for blockchain technology within capital markets.
标记 and onchain finance can streamline various processes across the financial industry.
Streamlining operational processes via blockchains can drive beneficial organizational outcomes.
Together with the largest players in the financial industry, 存 sees an opportunity to enhance the way financial data flows across the industry and how assets are settled across capital markets, bringing the benefits of blockchain technology to life.
As infrastructure leaders at the intersection of capital markets and blockchain technology, the collaboration between 存 and Chainlink opens the door to a multitude of use cases that could redefine how the financial industry operates.
Blockchain technology is beginning to yield results related to efficiency, 流动性, 金融市场的透明度, but interoperability continues to be an area of opportunity and need. We look forward to working with Chainlink to uncover new opportunities to propel the digital asset ecosystem for the benefit of market participants and the broader industry.
This article first appeared on Chainlink on September 15, 2023.