- ChainLink helps financial institutions build secure, compliant blockchain solutions, already supporting trillions of value as they move in the chain.
- Swift and ChainLink are already working together to help banks leverage blockchain without overhauling their systems.
ChainLink is currently the 14th largest crypto project, with a market capitalization of around $13 billion. That native token, link is trading at $19.26 after strong 24% jump This past week.
However, ChainLink's value goes far beyond price action. It leads the path to real-world asset integration and stands out thanks to its active developer community, chasing projects like Avalanche (Avax), Axelar (Axl), and Stellar (XLM).
In a recent update, the ChainLink team worked with top asset managers and banks to unravel traditional funding on-chain. It reminds us that ChainLink is building the infrastructure that real institutions are beginning to rely on.
Onchain Finance's Backbone
In 2024, Society for Worldwide Interbank Financial Telecommunication (Swift) worked with ChainLink to help banks connect to blockchain without the need to reinvent the wheels. By combining ChainLink's infrastructure with Swift's existing global messaging standards used by more than 11,500 banks in over 200 countries, the partnership has enabled banks to resolve tokenized assets in both public and private blockchains.
This involved dozens of other financial institutions, including Euroclear, Clearstream, Citi, BNY Mellon, BNP Paribas, Lloyds Banking Group, and SDX. result? Digital Asset can be resolved using the same Swift-based system already in place for Fiat Transactions.
ChainLink also collaborated with UBS Asset Management, Franklin Templeton, Wellington Management, Caceis, Vontobel and Sygnum Bank. The goal is to use artificial intelligence (AI), Oracles, and blockchain technology to transform complex, human-generated financial documents that systems can read, verify and share into clean, structured data that can be quickly shared.
In addition to that, ChainLink has partnered with MasterCard to power a new app called Swapper, allowing over 3 billion cardholders to purchase Crypto directly on-chain. It's a big leap in making crypto more accessible to everyday users.
After that, there is the Singapore Project Guardian. This is an initiative launched in 2022 to bring together regulators and the financial industry to make the market more fluid and efficient through asset tokenization.
As part of that, Singapore's Financial Authorities (MAS) have gathered ANZ, ADDX and ChainLink to explore how blockchain can support the full life cycle of tokenized commercial papers.
ChainLink brought in a CCIP private transaction. It uses a privacy-centric tool called Blockchain Privacy Manager to keep sensitive data safe. Why is this important? According to the Australian Central Bank, using tokenization in local markets could help issuers save more than 12 billion OUD each year.
This possibility is already attracting attention in Australia. ChainLink is currently at the heart of Project Acacia, a new project supported by the Reserve Bank of Australia, Westpac Institutional Bank and Imperium Markets, in collaboration with Digital Finance CRC. As explained in the report, the project focuses on testing how tokenized asset settlements work in real financial markets.
At the heart of these efforts are the ChainLink Runtime Environment (CRE) and ChainLink cross-chain interoperability protocols. CRE is a tool that enables secure and compliant delivery and payment (DVP) payments of tokenized assets across the blockchain network.
In another recent breakthrough, ChainLink worked with JP Morgan's Kinexys blockchain unit and Ondo Finance, the leader in real asset tokenization, to complete a cross-chain DVP transaction. The test included exchanging Ondo's Short-Term US Financial Fund (OUSG) between Kinexys' permitted blockchain and Ondo chain testnet.
