SBI Group, one of Japan’s largest financial conglomerates, and Chainlink have announced a strategic partnership aimed at accelerating blockchain technology adoption in financial products.
Partnership for Tokenized Assets Implementation
SBI and Chainlink aim to advance tokenized assets in the Japanese and Asia-Pacific markets. According to a press release from August 25, 76% of surveyed financial institutions plan to invest in tokenized securities due to cost savings and efficiency improvements.
Overcoming Adoption Barriers with Chainlink
Despite growing interest, the lack of scalable, secure, and compliant infrastructure has been a significant barrier. The partnership aims to utilize Chainlink’s Cross-Chain Interoperability Protocol to unlock tokenized real-world assets, including bonds and real estate. This will also increase liquidity and simplify fund administration.
Expanding the Cooperation Between SBI and Chainlink
Chainlink co-founder Sergey Nazarov noted that SBI’s adoption of the protocol validates its role as the standard for secure and compliant institutional transactions. SBI CEO Yoshitaka Kitao mentioned that this cooperation combines Chainlink’s leading solutions with SBI’s financial expertise to drive mainstream adoption. The two companies previously collaborated on Singapore’s Project Guardian, demonstrating early successes in use cases for tokenized funds.
The collaboration between Chainlink and SBI Group highlights significant interest in tokenized assets and opens up new opportunities in blockchain finance. This partnership may influence the development of investment infrastructure in both Japan and other markets.
