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Chainlink and SBI Group Forge Strategic Partnership for Cross-Chain Tokenized Assets
Chainlink and SBI Group Forge Strategic Partnership for Cross-Chain Tokenized Assets
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BTCCSquare news:
Japan's financial giant SBI Group, with over $200 billion in assets, has partnered with chainlink to accelerate blockchain adoption and cross-chain real-world asset (RWA) tokenization. The collaboration will leverage Chainlink's Cross-Chain Interoperability Protocol (CCIP) to power tokenized funds, regulated stablecoins, and RWAs, initially targeting the Japanese market.
Chainlink's SmartData will provide on-chain net asset value data for tokenized funds, enhancing liquidity and operational efficiency. The partnership also utilizes Chainlink's Proof of Reserve for transparent stablecoin reserve verification. "We're moving toward large-scale production usage," said Chainlink co-founder Sergey Nazarov.
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