Chainlink is making waves in the financial sector as its Cross-Chain Real-World Asset (CRE) technology has been adopted by major banks UBS and ANZ for delivery-versus-payment settlements. This development signifies a pivotal moment for Chainlink, as it transitions from a blockchain service provider to an integral part of banking infrastructure. The material points to an encouraging trend: the increasing integration of blockchain technology within traditional financial systems.
Chainlink's CRE Adoption by UBS and ANZ
The adoption of Chainlink's CRE by UBS and ANZ highlights the growing importance of blockchain technology in traditional finance. By facilitating secure and compliant interactions between digital assets and fiat currencies, Chainlink is positioning itself as a key player in the evolving landscape of financial transactions.
Rising Demand for Reliable Coordination Layers
As more platforms for real-world assets launch, the demand for reliable coordination layers like Chainlink is expected to rise. This trend underscores the necessity for banks to integrate blockchain solutions that not only enhance efficiency but also adhere to existing compliance and risk management frameworks.
In a notable development, River has formed a strategic alliance with Sui Network to enhance liquidity across multiple chains, complementing the recent advancements in blockchain integration seen with Chainlink's adoption by major banks. For more details, see read more.
