Institutional Adoption Recap: 5 Ways Chainlink Drove the Adoption of Onchain Finance in 2023

Multiplifi is integrating Chainlink to expand distribution of its rwaUSD stablecoin, which has over $340 million in backing. The stablecoin is backed by tokenized U.S. equities including TSLAx and NVDAx from xStocksFi. **Key Chainlink integrations:** - **CCIP** - Enables secure cross-chain transfers across Ethereum, BNB Chain, and Monad - **NAV Data Feeds** - Powers integrations throughout the DeFi ecosystem - **Proof of Reserve** - Provides transparency and composability for the stablecoin The integration brings stock market liquidity onchain by connecting tokenized equity assets to DeFi protocols. This allows rwaUSD to scale across multiple blockchain networks while maintaining verifiable backing through Chainlink's infrastructure. [Learn more about Chainlink's tokenization infrastructure](https://chain.link)

Chainlink has expanded its **CRE Bootcamp** to three new languages: Spanish, Portuguese, and Mandarin. The bootcamp teaches developers how to: - Build and run workflows connecting smart contracts, AI, data, APIs, and traditional finance systems - Work across multiple blockchains using the Chainlink Runtime Environment (CRE) The program is **100% online and completely free**. Registration is now open for all three language tracks.

Chainlink has established itself as the exclusive bridging infrastructure for Coinbase Wrapped Assets, enabling cbBTC transfers to Monad. **Key developments:** - Chainlink CCIP serves as the sole bridge for Coinbase Wrapped Assets - cbBTC, with over $5 billion in circulation, can now be transferred to Monad - Cross-chain transfers operate directly from Base network - Integration expands DeFi accessibility for Monad users The partnership strengthens the connection between Coinbase's wrapped Bitcoin product and emerging blockchain ecosystems. [Read Monad's announcement](https://blog.monad.xyz/blog/cbbtc-to-monad) [Explore Coinbase Developer Platform](https://www.coinbase.com/developer-platform/discover/launches/chainlink-cre-x402)

Coinbase has integrated Chainlink as its exclusive bridging infrastructure for all Coinbase Wrapped Assets and is bringing its premium exchange data onchain for the first time. **Key Details:** - Coinbase serves 100M+ users with over $500B in total assets on its platform - Chainlink will provide the data infrastructure for the largest U.S. crypto exchange - The integration enables better pricing and risk management for DeFi applications - Coinbase joins institutional data providers like S&P Global Ratings and FTSE Russell in using Chainlink's data standard This partnership creates a new distribution channel for Coinbase's exchange data, which powers billions in trading volume. The collaboration extends beyond data feeds to include exclusive bridging infrastructure for Coinbase's wrapped asset products. The integration positions Chainlink as the oracle standard for major crypto exchanges entering the DeFi ecosystem.

**FinChain Partners with Chainlink for Asian Expansion** Institutional-focused blockchain FinChain has integrated Chainlink to accelerate the distribution of tokenized assets across Asian markets. **Key Details:** - FinChain will leverage Chainlink's infrastructure to modernize financial markets in Asia - The partnership aims to expand global access to tokenized value - This follows recent regulatory clarity, with the SEC and CFTC classifying LINK as a digital commodity **Recent Momentum:** - Europe's largest asset manager Amundi (€2.3T AUM) launched a $100M tokenized mutual fund using Chainlink - Partnership with EPOCH for tokenized private credit fund across 6 global markets - Chainlink continues positioning itself as infrastructure for institutional tokenization The integration represents another step in Chainlink's expansion into traditional finance, particularly in Asian markets where institutional adoption of tokenized assets is growing. [Read full announcement](https://www.prnewswire.com/apac/news-releases/finchain-adopts-chainlink-standard-to-accelerate-distribution-of-its-tokenized-assets-across-asia-302729446.html)