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Chainlink (LINK) Analysis – Bullish or Bearish?
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We’re excited to announce a strategic partnership between Chainlink and SBI Group one of Japan’s largest financial conglomerates with the USD equivalent of over $200 billion in total assets. https://prnewswire.com/news-releases/sbi-group-and-chainlink-announce-strategic-partnership-to-accelerate-institutional-digital-asset-adoption-in-key-global-markets-302537166.html SBI Group and Chainlink will focus on powering several innovative use cases centered around tokenized funds, tokenized real-world assets such as real estate and bonds, regulated stablecoins, and more. SBI Group and Japanese financial services companies will leverage Chainlink services, including the Cross-Chain Interoperability Protocol (CCIP), SmartData (NAV), and Proof of Reserve to unlock secondary market liquidity and enhance the operational efficiency of tokenized assets while seamlessly fulfilling compliance and privacy requirements. Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBI Holdings, stated: “Chainlink is a natural partner for SBI complementing our financial footprint with their market leading interoperability and reliability onchain. With our combined strengths, we are delighted to be working together on developing groundbreaking, secure, compliance-focused solutions, including powering compliant cross-border transactions using stablecoins, that accelerate the widespread adoption of digital assets in Japan and the region.” Chainlink, UBS Asset Management, and SBI Digital Markets previously completed a solution for automated fund administration and transfer agency using smart contracts under the Monetary Authority of Singapore's (MAS) Project Guardian. $LINK #Chainlink
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