Chainlink

GSU Protocol, the issuer of the ultra-low-volatility stablecoin GSUc, has joined the Chainlink BUILD program. This partnership will provide GSU Protocol with enhanced access to Chainlink's oracle services and technical support, helping to ensure the security and stability of the GSUc stablecoin. In return, GSU Protocol will allocate a percentage of its native token supply to Chainlink service providers and stakers. The collaboration aims to support GSU Protocol's mission of underpinning a stablecoin with superior price stability for all DeFi users, moving beyond fiat-pegged stablecoins and creating a more stable and efficient ecosystem.

John Wu of Ava Labs highlighted that traditional financial service providers are exploring ways to leverage blockchain technology to enhance capital markets. The Cross-Chain Interoperability Protocol (CCIP) facilitated cross-chain settlement between tokenized assets and stablecoins for ANZ Bank, demonstrating the potential for blockchain integration in traditional finance.

Sergey Nazarov, a prominent figure in the blockchain industry, commented on the current state of capital markets. He observed that there is an ongoing effort to adapt existing legal frameworks, standards, messaging systems, and other technologies that have been successfully utilized in traditional finance over decades, and apply them to blockchains as a new platform for transactions.

Sergey Nazarov, the co-founder of Chainlink, emphasized the importance of robust security measures for institutions that have been handling valuable assets for decades. He stated that these institutions require a higher level of security as they have been targets of hacking attempts for a much longer period compared to newer blockchain projects. Nazarov's comments highlight Chainlink's focus on providing bank-grade security solutions to enable the integration of traditional financial systems with blockchain technology.

Chainlink Labs, the company behind the decentralized oracle network Chainlink, is actively recruiting over 100 engineers and key team members to build critical infrastructure for the future of Web3 and real-world asset tokenization. Chainlink's blockchain-agnostic design allows integration with the latest technologies, positioning it as a mission-critical component for future-proofing tokenization platforms. The expansion aims to support Chainlink's role in enabling advanced decentralized applications (dApps) that drive Web3 adoption.

Circuit breakers are emergency measures designed to temporarily halt trading activity in financial markets during periods of extreme volatility or abnormal events. In the onchain ecosystem, circuit breakers can be implemented for tokenized assets, wrapped assets, and decentralized finance (DeFi) markets. For tokenized assets, circuit breakers can prevent minting if there is insufficient collateral. For wrapped assets, they can account for discrepancies in the 1:1 parity between wrapped and base assets. In DeFi markets, automated circuit breakers can halt trading for specific assets during volatile periods to calm activity and allow for liquidity adjustments. As the Web3 industry matures, circuit breakers will play a crucial role in providing cryptographic guarantees and protecting users against severe outcomes during abnormal events.

Tokenization, the process of representing assets on a blockchain, is revolutionizing multiple sectors. Niki Ariyasinghe from Chainlink Labs explores how tokenization could impact bonds, real estate, bank deposits, and other asset classes, enabling the development of advanced decentralized applications (dApps) that drive Web3 adoption.

A wide range of assets, including intellectual property, government and corporate bonds, precious metals, private equities, carbon credits, collectibles, real estate, derivatives, equities, artwork, and cash, are being tokenized on blockchain platforms. This development represents a significant shift in how assets are represented and traded, potentially increasing liquidity and accessibility.

Three key factors are currently holding back the mass institutional adoption of tokenized assets: 1) Blockchains are not integrated with enterprise systems, 2) Blockchains cannot communicate with each other, and 3) The ecosystem is fragmented. Chainlink's Cross-Chain Interoperability Protocol (CCIP) is proposed as a complete solution to address these challenges. CCIP aims to provide a universal integration gateway that allows banks to leverage their existing expertise and services, securely transfer tokens across chains while meeting institutional security standards, and connect to any blockchain, future-proofing new tokenization platforms.

Code4rena has forged a strategic alliance with Chainlink Labs to aid Chainlink BUILD and SCALE members in obtaining smart contract audits through the Code4rena platform.