Chainlink

Chainlink offers important capabilities for stablecoins, including data enrichment with price and proof of reserves, secure interoperability across different blockchains and existing systems, and ensuring key data remains updated as stablecoins are transferred across chains.

Niki Ariyasinghe from Chainlink Labs discusses institutions moving towards production deployments for tokenized assets. Leading banks are gearing up for tokenization, with real volume already transacting on platforms like Broadridge. The importance of a single platform like Chainlink for providing data, compute, and cross-chain requirements is highlighted. The Future Is On series showcases financial institutions like Deutsche Bank, Euroclear, SIX Digital Exchange, Standard Chartered, and Westpac adopting blockchain technology.

Ari Juels' upcoming sci-fi thriller novel, The Oracle, blending mythical antiquity, blockchain tech, and oracles, is set to be published on February 20, 2024.

Chainlink's platform now offers seven services, expanding its use cases to limitless possibilities.

Migrating to Chainlink Automation 2.0 provides access to more performant, reliable, and gas-efficient upkeeps. The migration process is simple and can be done with just a few clicks.

Decentralized Oracle Networks provided by Chainlink have applications outside of DeFi. They play a crucial role in scenarios requiring off-chain verification of data, computation, or connectivity to address security and trust concerns.

@swellnetworkio has joined Chainlink BUILD to enhance its access to Chainlink's oracle services and technical support for the security of liquid staking. Swell will offer a percentage of its token supply to Chainlink service providers and aims to support a decentralized liquid staking ecosystem. As part of the partnership, Swell will benefit from Chainlink's Cross-Chain Interoperability Protocol, Proof of Reserve, Automation, Price Feeds, offchain data functions, and access to new Chainlink product releases.

Chainlink provides the necessary tools for tokenized assets to gain liquidity by enabling cross-chain interoperability, verifying offchain reserves, providing mark-to-market valuations, and offering identity verification. Traditional financial institutions require data, compute, and cross-chain capabilities to adopt blockchain and tokenized assets, with Chainlink being the sole platform offering these features. The industry emphasizes the importance of cross-chain solutions, communication between traditional financial markets and blockchains, and the need for information networks and data sources to validate tokenized assets. Major financial institutions are already embracing tokenization, with collaborations involving Chainlink and other industry leaders in progress.

Onchain markets on AVAX and Scroll_ZKP are utilizing Chainlink Price Feeds, with AVAX integrating the BAT/USD Price Feed and Scroll_ZKP integrating the DAI/USD Price Feed. This integration aims to build secure DeFi markets around Attention Token and MakerDAO's USD-pegged stablecoin, respectively.

In the latest Chainlink Adoption Update, there were 7 integrations of 4 Chainlink services across 7 different chains including Arbitrum, Avalanche, Base, BNBCHAIN, Ethereum, Optimism, and Polygon. New integrations were announced with Dypius, Eigenpiexyz_io, Origin Protocol, Paxos, UKISSTech, UmamiDao, and Volleytoken joining the Chainlink ecosystem.