GLEIF and Chainlink Partner to Modernize Identity Systems in Finance

Chainlink's Smart Value Recapture (SVR) oracle solution has received a significant upgrade on Ethereum. The enhancement enables SVR to support multiple orderflow auctions running simultaneously, including integration with Titan Builder. **Key improvements:** - Parallel auction support increases competition among searchers - Enhanced revenue potential for DeFi protocols - Aave among the protocols benefiting from the upgrade SVR helps DeFi applications recapture non-toxic liquidation MEV (Maximal Extractable Value), converting what would typically be lost value into protocol revenue. The solution runs on Chainlink's infrastructure that also powers its widely-used Data Feeds.

**Vayana**, India's leading trade credit infrastructure platform with over $62 billion in facilitated financing, has adopted Chainlink as its exclusive oracle infrastructure to power tokenized asset distribution. **Key Details:** - Vayana serves a network of **3,000+ supply chains** across India - The integration provides access to trusted financial data, programmable compliance, and cross-chain interoperability - This positions India as an emerging leader in regulated institutional tokenized assets The adoption addresses critical needs in India's financial ecosystem, where tokenization involves complex institutional relationships and regulatory requirements. Chainlink's unified platform enables Vayana to embed compliance and identity verification directly at the transaction level while maintaining interoperability across blockchains and traditional financial systems. This integration represents a significant step in upgrading India's financial infrastructure through blockchain technology.

**Galaxy Digital-backed Tenbin Labs is transitioning to Chainlink CCIP** as its exclusive cross-chain infrastructure solution, deprecating its legacy system following a comprehensive security review. **Key developments:** - Tenbin Labs will use CCIP to expand distribution of its tokenized FX stablecoins and commodities - The migration follows an extensive security assessment - This marks a strategic shift to Chainlink's Cross-Chain Interoperability Protocol Full details: [Tenbin Labs announcement](https://tenbinlabs.xyz/blog/tenbin-migrates-ccip)

**SGX FX**, a major technology partner for institutional foreign exchange markets, is using **Chainlink's DataLink** service to bring premium over-the-counter (OTC) forex data onchain. **Key Details:** - Initial deployment includes spot and 1-month forward rates for major G10, Asian, and emerging market currency pairs - DataLink is Chainlink's institutional-grade data service - The integration enables DeFi applications to access the same forex data used by traditional global currency markets **Potential Impact:** This move could enable new onchain financial products, including structured products and hedging tools, by bridging institutional forex data with decentralized finance infrastructure. [Read full announcement](https://www.sgx.com/research-education/market-updates/20260518-sgx-fx-adopts-chainlink-make-its-premium-otc-fx-data)

Chainlink's Cross-Chain Interoperability Protocol (CCIP) is positioning itself as the industry standard for blockchain interoperability. **Key developments:** - CCIP enables secure data and token transfers across different blockchain networks - The protocol addresses the fragmentation challenge in the multi-chain ecosystem - Built with enterprise-grade security features and risk management systems **Why it matters:** As blockchain adoption grows, the need for seamless cross-chain communication becomes critical. CCIP provides developers with a unified solution to build applications that work across multiple chains without managing separate integrations. The protocol leverages Chainlink's proven oracle infrastructure to ensure reliable and secure cross-chain transactions. [Read more](https://blog.chain.link/ccip-cross-chain-standard/)