Chainlink Powers Historic Cross-Border Settlement Between Brazil and Hong Kong Central Banks
Chainlink Powers Historic Cross-Border Settlement Between Brazil and Hong Kong Central Banks
🏦 Central Banks Go Cross-Chain
Chainlink has successfully connected the Central Bank of Brazil and Hong Kong Monetary Authority in a groundbreaking cross-border trade settlement experiment.
The integration enables delivery versus payment (DvP) settlement across jurisdictions using blockchain technology. Key participants include:
- Standard Chartered - Global bank with $800B+ assets
- Banco Inter - Brazilian fintech serving 40M+ users
- GSBN - Digital trade infrastructure consortium
- 7COMm - Technology provider for Brazilian financial institutions
Technical Implementation:
- Chainlink Runtime Environment (CRE) established interoperability between Brazil's Drex platform and Hong Kong's Ensemble Network
- Chainlink CCIP enabled secure cross-chain communication
- Automated workflow connects blockchain-based title registry with cross-chain payments
This marks the first time such comprehensive blockchain infrastructure has been deployed for international trade settlement, potentially setting new standards for global commerce.
Bruno Grossi from Banco Inter emphasized this creates "a more connected financial ecosystem that will underpin the future of global trade."
This development demonstrates real-world adoption of blockchain technology by major financial institutions and central banks.
"Chainlink is the only system that can bring all this together.” @SergeyNazarov on Chainlink powering cross-border DvP with the Central Bank of Brazil & Hong Kong Monetary Authority ↓
We’re excited to announce that Chainlink is powering cross-border DvP settlement between the Central Bank of Brazil (@BancoCentralBR) & Hong Kong Monetary Authority (@hkmagovhk) alongside Banco Inter, Standard Chartered, GSBN, & 7COMm in the Drex program. blog.inter.co/banco-inter-ch…
The future of cross-border payments is instant, low-cost, and transparent. How Chainlink provides the secure data, cross-chain interoperability, and onchain verification required for blockchain-powered cross-border payments: blog.chain.link/how-blockchain…
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