Chainlink

According to recent reports, the growth and success of real-world asset markets are increasingly reliant on access to reliable and secure data sources. As these markets continue to expand and evolve, the ability to integrate trusted off-chain data onto blockchain networks has become a critical factor driving innovation and adoption.

ETHGlobal, a prominent Ethereum event, is scheduled to take place in Sydney, Australia. In preparation, a pre-event workshop hosted by Google Cloud, Chainlink, Blockchain Australia, and others will be held on May 1st. The main ETHGlobal Sydney event will follow from May 3rd to May 5th, featuring a $10,000 prize pool sponsored by Chainlink for participants. Interested individuals are encouraged to apply for the event.

Chainlink, a platform that connects real-world data and systems to blockchains, is hosting upcoming community meetups in Bangkok, Dallas, and Sydney. These events provide an opportunity for developers and enthusiasts to learn about building verifiable decentralized applications (dApps) on the Chainlink network, fostering the growth of Web3 adoption.

A report from Deloitte US states that various financial services providers are projecting that tokenization could generate trillions of dollars in new value for the industry this decade. The report highlights that these trillions would likely represent just a small fraction of global assets that have the potential to be tokenized, including real estate, private equity, venture capital funds, and exchange-traded products. Tokenization is described as the most significant transformation in modern financial markets, going beyond the digitalization of financial instruments in the second half of the 20th century.

A report from Deloitte US highlights the potential for tokenization to generate trillions of dollars in new value for the financial services industry in the current decade. The report states that this projected value would likely represent only a small fraction of global assets that could be tokenized, including real estate, private equity, venture capital funds, and exchange-traded products.

DBOE, a decentralized options exchange operating on Polygon and Ethereum, has joined the Chainlink BUILD program. As part of the partnership, DBOE will gain access to Chainlink's oracle services, technical support, and early access to new product releases. In return, DBOE will allocate 4.5% of its native token supply to Chainlink service providers, including stakers. The integration will enable DBOE to leverage Chainlink Price Feeds for options pricing and settlement, as well as Chainlink CCIP for cross-chain collateral support.

Chainlink Price Feeds continue to provide highly accurate, reliable, and decentralized market data to power the on-chain finance ecosystem. Developers can now integrate the RSR/USD Price Feed on Arbitrum to build secure DeFi markets around Reserve Rights' token. Previously, the FXS/USD Price Feed was made available on Optimism for building DeFi markets around Frax Finance's utility token. These Price Feeds deliver hyper-reliable and highly accurate market data on-chain, underpinning the DeFi economy.

In recent coverage by Bloomberg, Chainlink Co-Founder Sergey Nazarov highlighted the rapid emergence of Hong Kong, the United Arab Emirates, and Singapore as global hubs for blockchain innovation and digital asset adoption. This follows Nazarov's appearances at industry events like FIA Boca 2024 and BlLife Forum, where he discussed the increasing demand for tokenized assets and the adoption of blockchain technology in capital markets and other sectors.

BenqiFinance, a decentralized lending protocol on the Avalanche blockchain, has reported an increase in daily active users (DAUs) and total value locked (TVL) due to the integration of Chainlink's decentralized oracle network. The use of Chainlink's secure and reliable data feeds has helped build trust among users, leading to higher engagement and more assets being deposited on the platform.

The Hong Kong Monetary Authority (HKMA) has issued guidance indicating its support for banks utilizing public blockchains. In a recent statement, the central banking authority highlighted opportunities and risks associated with distributed ledger technologies (DLTs), including the potential for tokenized deposits and the need for interoperability between different DLT systems and traditional infrastructures to prevent fragmentation. The HKMA's stance reflects an openness to exploring the integration of blockchain technology within the financial sector.