Institutional Adoption Recap: 5 Ways Chainlink Drove the Adoption of Onchain Finance in 2023
Institutional Adoption Recap: 5 Ways Chainlink Drove the Adoption of Onchain Finance in 2023
Chainlink collaborated with Swift to connect multiple blockchains, ANZ Bank issued stablecoins using Chainlink, DTCC and Chainlink collaboration can redefine the financial industry, Vodafone demonstrated the connection of data and smart contracts using Chainlink, ARTA TechFin is using Chainlink for fund tokens. In 2024, institutional adoption of blockchain technology and Chainlink platform is expected to expand significantly.
“It’s absolutely inevitable that all the value in the global financial system will be on a blockchain because of its security, transparency, user-control, and risk management properties.”—@SergeyNazarov The future is on 🧵
Institutional Adoption Recap: 5 Ways Chainlink Drove the Adoption of Onchain Finance in 2023 1. Swift Swift, the standard messaging network for 11K banks, collaborated with Chainlink and some of the world’s largest banks and infrastructures—including Euroclear, Clearstream,
“As banks endeavor to access multiple blockchains, a common connectivity layer across the various chains will be a critical building block for their adoption of onchain finance”—@SergeyNazarov. More on Swift and Chainlink's successful collaboration: swift.com/news-events/ne…
"The capital markets and the existing crypto industry really are on a path to merge into one big global industry." Read about @SergeyNazarov's interview on @CNBC Asia on @ChainlinkToday ⬇️ chainlinktoday.com/sergey-nazarov…
Kamino Integrates xStocks for Tokenized Equity Lending on Solana
Kamino Finance has integrated xStocks to enable tokenized equity lending on Solana, powered by Chainlink Data Streams. The integration allows users to use tokenized stocks as collateral for borrowing on Kamino's xStocks Market. Eight major tokenized stocks are supported at launch: - APPLx - GOOGLx - HOODx - MSTRx - NVDAx - QQQx - SPYx - TSLAx The system leverages Chainlink's custom xStocks Data Streams solution, providing reliable high-frequency market data and real-time corporate action verification. This development represents a significant step in bridging traditional finance with DeFi.
Smart Contracts Transform Financial Controls
Financial systems are undergoing a significant shift from traditional procedural controls to automated policy enforcement through smart contracts. This evolution marks a fundamental change in how financial rules are implemented. Key developments: - Policies now embedded directly within digital assets - Automated workflow enforcement via smart contracts - Reduced operational costs and improved efficiency - Enhanced transparency and compliance The transformation enables real-time policy execution, eliminating manual oversight while maintaining strict control standards. This represents a major step toward automated financial governance. [Learn more about policy enforcement via smart contracts](https://blog.chain.link/policy-enforcement-via-smart-contracts/)
Swift and Major Financial Institutions Join SmartCon as Sponsors
**SWIFT**, the global financial network processing transactions for 11,500+ institutions, joins SmartCon as a title sponsor alongside other major players in banking and DeFi. Key sponsors include: - **Banking & Markets**: Broadridge ($10T+ securities), Euroclear (331M transactions/year), SWIFT - **DeFi Sector**: Avalanche ($2.5B+ TVL), Cryptex Finance, Dolomite - **Infrastructure**: Halborn Security, Space and Time DB, Stake.link, Uranium Digital The event brings together traditional finance and blockchain technology leaders in NYC. [Learn more about sponsorships](http://chn.lk/smartcon-sponsors)
Mastercard, Chainlink and ZeroHash Partner on Swapper Finance Platform
**Major Web3 Integration Announced** Swapper Finance is launching a platform that enables 3B+ Mastercard holders to purchase crypto directly onchain. The solution combines: - Mastercard's global payments infrastructure - Chainlink's verification and transaction synchronization - ZeroHash's liquidity provision The platform aims to simplify DeFi access for non-technical users through: - Direct credit card purchases of onchain tokens - Decentralized execution via Chainlink Functions - Secure cross-DEX token swaps Swapper Finance has joined Chainlink Build program and will allocate tokens to Chainlink service providers.
Traditional Markets Moving Onchain: Key Benefits Explained
The migration of traditional stocks and equities to blockchain networks continues to gain momentum, driven by several key advantages: - **24/7 Global Trading**: Eliminating traditional market hours and geographical restrictions - **Instant Settlement**: Reducing clearing time from days to minutes - **Enhanced Transparency**: All transactions visible on public ledgers - **DeFi Integration**: Enabling composability with other blockchain financial tools - **Fractional Ownership**: Making high-value assets more accessible Learn more about tokenized markets at [Chainlink Education Hub](https://chain.link/education-hub/tokenized-stocks-equities-explained/)