Japanese finance conglomerate SBI Group has announced a partnership with Chainlink to develop blockchain-based tools targeting financial institutions in Asia.
Building Tokenized Finance Infrastructure
The collaboration between SBI and Chainlink is focused on developing tools for tokenizing real-world assets such as on-chain bonds, as well as verifying stablecoin reserves. Utilizing Chainlink's technology will ensure reliability and compliance for institutions.
Institutional Interest in Tokenized Assets
A survey conducted by SBI Digital Asset among over 50 financial institutions found that 76% of respondents plan to invest in tokenized securities. The main reasons cited are lower costs and faster settlement times.
Potential of Asia as a Crypto Finance Hub
Japan and other Asian countries may emerge as new centers for crypto finance, supported by flexible regulators and leading technology companies. The SBI-Chainlink partnership reflects the push to create infrastructure that meets institutional investor demands.
The SBI and Chainlink partnership highlights the growing interest in tokenized assets and the potential for Asia to become a leader in crypto finance despite existing challenges.
