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…
Chainlink CCIP JavaScript SDK Enables Browser-Based Cross-Chain Development
Chainlink has released a JavaScript SDK for Cross-Chain Interoperability Protocol (CCIP), enabling developers to build cross-chain applications directly in their browsers. The SDK supports: - Token transfers between Solana and EVM-compatible chains - Creation of Cross-Chain Tokens (CCT) - Integration with CCIP v1.5 features This development streamlines the dApp building process, eliminating the need for complex development environments. Developers can now test and deploy cross-chain functionality with reduced setup time. For detailed implementation, check out the tutorial by Dave Dev from Chainlink Labs: [Tutorial Link](https://www.youtube.com/watch?v=example)
Chainlink, JP Morgan's Kinexys, and Ondo Finance Partner for Tokenized Asset Settlement
Chainlink has partnered with JP Morgan's Kinexys and Ondo Finance to enable institutional clients to purchase tokenized treasuries using Kinexys Digital Payments. Key developments: - Integration leverages Chainlink Runtime Environment for secure cross-chain settlement - Kinexys network has processed over $1.5T in transactions - System aims to reduce counterparty risk in digital asset markets - Currently $23B+ in tokenized RWAs exist on public chains The collaboration demonstrates growing institutional adoption of blockchain infrastructure for traditional financial assets. Learn more: [Chainlink Blog](https://blog.chain.link/cre-dvp-kinexys-jp-morgan-ondo-finance/)
Chainlink Chromion Hackathon Office Hours Announced
Chainlink Labs is hosting expert office hours for Chromion Hackathon participants to receive direct project feedback. Two sessions are scheduled: - June 16 at 10AM ET - June 19 at 9PM ET Sessions will be held on Chainlink Discord, offering participants an opportunity to enhance their submissions with professional guidance. The Chromion Hackathon focuses on Web3, AI, and cross-chain innovation, including AI agents, asset tokenization, and cross-chain token development. *Join Discord to participate: [Chainlink Discord](https://discord.gg/chainlink)*
HyperLend Adopts Chainlink, EulerFinance Launches EulerSwap
**HyperLend** ($480M+ TVL) becomes the first protocol to integrate Chainlink on HyperEVM chain, implementing Data Streams for sub-second price accuracy in lending operations. In parallel, **EulerFinance** ($1.8B+ TVL) launches EulerSwap on Ethereum, powered by Chainlink Price Feeds. The new platform combines: - Lending and swapping capabilities - Yield generation - Collateralized trading - Dynamic AMM strategies Both integrations demonstrate growing adoption of Chainlink's oracle infrastructure across major DeFi protocols.
Proof of Reserves Emerges as Key Solution for Market Oversight
Following the FTX fraud and Silicon Valley Bank collapse, industry experts are highlighting proof-of-reserves as a crucial tool for improving market transparency and oversight. Key points: - Proof-of-reserves systems provide real-time verification of assets - Implementation could help prevent future financial scandals - Policymakers have an opportunity to integrate these solutions into regulatory frameworks Experts Bruce Tupper and Tyler Williams emphasize that combining proof-of-reserves with off-chain transaction reporting could restore trust in trading platforms. *Learn more about implementation strategies:* [Chainlink's Proof of Reserves Guide](https://blog.chain.link/proof-of-reserves-for-policymakers/)