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Chainlink Enhances Financial Integration with Blockchain via CCIP, Involving Euroclear and ANZ

May 23, 2024, 10:05 PM

Chainlink is playing a pivotal role in integrating traditional financial systems with blockchain technology through its Cross-Chain Interoperability Protocol (CCIP). As part of the Chainlink BUILD initiative, BRX Finance plans to integrate Chainlink’s Data Feeds to enhance tokenized assets with real-world data and price information, and to use CCIP for secure cross-chain asset and data transfers. Chainlink's CCIP facilitates the movement of digital assets between private bank chains and public DeFi applications, enabling institutions like Euroclear and ANZ to explore innovative use cases for tokenized real-world assets. Additionally, Mind Network has launched the first institutional Fully Homomorphic Encryption (FHE) interface built on top of Chainlink CCIP, and has entered into a strategic alliance with Chainlink Labs. Chainlink is also being utilized to maximize liquidity for tokenized assets in capital markets, ensuring these assets are broadly available to many counterparties. The rise of blockchain technology is leading to an 'internet of contracts' where all forms of value will be interconnected across different platforms with Chainlink CCIP.