SBI Group and Chainlink announced a partnership aimed at developing blockchain tools for financial institutions in Asia, with a focus on Japan.
Tools for Asset Tokenization and Interoperability
The collaboration between SBI Group and Chainlink is focused on the tokenization of real-world assets (RWAs), including on-chain bonds and fund data solutions. The partnership will leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance the movement of assets across blockchains. This initiative aims to bring transparency and automation into traditional financial processes.
SBI Group Expands Stablecoin Ecosystem
The agreement with Chainlink is part of a broader strategy by SBI Group that includes partnerships with Circle, Ripple, and Startale Labs. These deals are aimed at advancing stablecoins and enabling 24/7 tokenized trading platforms for both retail and institutional investors. SBI Holdings CEO Yoshitaka Kitao emphasized the potential of stablecoins to open new corridors for cross-border payments.
Platform for Tokenized Stock Trading
In collaboration with Startale Labs, SBI Group is developing a trading platform for tokenized stocks and real-world assets. The platform is expected to operate 24/7, ensuring constant liquidity and market access. Chainlink will support the infrastructure with price oracles and secure smart contract tools, positioning SBI as a key player in Asia's financial landscape.
The partnership between SBI Group and Chainlink aims to implement blockchain technologies in the financial sector of Asia, potentially leading to increased adoption of tokenized assets and stablecoins in the local market.
