🔍 Swift's Innovation Chief: Every Token Needs Verifiable Backing
🔍 Swift's Innovation Chief: Every Token Needs Verifiable Backing
🔍 Swift Demands Proof
At SmartCon, Swift's Chief Innovation Officer Tom Zschach emphasized that verifiability is fundamental to onchain finance.
Key points:
- Every token and asset must have verifiable backing
- Proof of reserves is essential for transparency
- Assets need provable data to support their value
This builds on Chainlink's broader vision of bringing various "proof of" mechanisms onchain, including proof of reserves, composition, liabilities, and solvency.
The focus on verifiability reflects growing institutional demand for transparent asset backing in tokenized finance.
"Proof of reserves and proof of backing. Every token and asset has to have something that is verifiable." At SmartCon, @TomZschach, Chief Innovation Officer at Swift, explained the critical role of verifiability in onchain finance and why every asset must be backed by
"Chainlink's role is going to continue to evolve and that's going to be an important aspect for the industry." During his SmartCon keynote, Swift CIO @TomZschach emphasized the importance of provable security and end-to-end verification for tokenized assets, highlighting the key
DTCC CTO: Chainlink Partnership Enables Rapid Financial Market Updates
**DTCC accelerates financial market transformation** through strategic Chainlink partnership, according to Managing Director and CTO Dan Doney. Key developments from SmartCon 2025: - **Rapid deployment**: DTCC leveraged Chainlink infrastructure to quickly update financial systems - **Interoperability focus**: Cross-chain movement essential for avoiding fragmented legacy systems - **Industry standards**: Leaders emphasize unified protocols for seamless digital asset ecosystem **Market expansion potential** highlighted by industry experts, with DeFi growth trajectory from hundreds of billions to trillions through tokenization. **Traditional finance integration** emerges as critical next phase, connecting global financial systems to DeFi rather than just crypto-to-crypto connections. DTCC, Citi, Taurus, and Swift representatives stress standardization as foundational for fast-moving market participants and secure cross-chain value transfer.
🔗 Chainlink Sees 52 New Integrations Across 15 Chains
**Chainlink** recorded **52 new integrations** this week across 11 services and 15 different blockchain networks. **Key chains involved:** - Major networks: Ethereum, Arbitrum, Avalanche, Base, BNB Chain - Emerging chains: Aptos, Monad, Sei, X Layer, Ink - Specialized networks: 0G, HyperCore, HyperEVM, Plasma, Ronin **Notable new integrations include:** - **Traditional finance**: UBS, FTSE Russell, Tradeweb, SBI Digital Markets - **DeFi protocols**: Aave Horizon, Lido Finance, Enzyme Finance - **Infrastructure**: Chainalysis, Securitize, Validation Cloud - **Emerging projects**: ElizaOS, Sentient AGI, WisdomTree This represents a **decrease from last week's 62 integrations** but maintains steady adoption momentum across diverse sectors. The integration count shows consistent enterprise and DeFi adoption of Chainlink's oracle infrastructure. [Explore complete ecosystem](https://www.chainlinkecosystem.com/)
Chainlink Launches Confidential Compute to Enable Private Institutional Smart Contracts
**Chainlink has introduced Confidential Compute**, a new service designed to bring privacy to public blockchain smart contracts. The solution addresses a critical gap in onchain finance: - **Private data protection** - Prevents exposure of sensitive information - **Cross-chain workflow privacy** - Enables confidential operations across multiple blockchains - **Counterparty management** - Allows private handling of roles and permissions According to Chainlink Labs' Head of Research Lorenz Breidenbach, privacy is essential for institutional adoption. Over 80% of global financial activity happens off-exchange, relying on confidential identity checks and private transactions. **Key capabilities include:** - Private smart contracts with built-in verification - Confidential access to data and APIs - Privacy-preserving tokenization for real-world assets - Secure cross-chain settlement The service aims to match institutional expectations by providing the confidentiality standards that traditional capital markets require. [Learn more about Chainlink Confidential Compute](https://blog.chain.link/chainlink-confidential-compute/)
🏝️ Bermuda Breakthrough
**Bermuda Monetary Authority** partners with **Chainlink** and three other firms to develop institutional-grade stablecoin infrastructure with real-time regulatory oversight. The collaboration includes: - Chainlink (blockchain connectivity) - Apex Global Group (financial services) - Blupryntco (compliance solutions) - Hackenclub (security auditing) This **embedded supervision initiative** creates a framework for real-time DeFi regulatory monitoring, potentially setting new standards for institutional stablecoin adoption. [Learn more about the initiative](https://www.bma.bm/news-and-press-releases/press-release-bermuda-monetary-authority-advances-landmark-embedded-supervision-initiative-to-architect-real-time-regulatory-oversight-for-defi)