The Chainlink ecosystem took tokenized real-world assets (RWAs) and stablecoins to exciting new heights in September.
Leading Australian bank ANZ officially partnered with Chainlink Labs and joined the Monetary Authority of Singapore’s Project Guardian to promote the secure exchange of RWAs such as commercial paper between private blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
The collaboration builds on ANZ’s work with Swift to develop a CCIP-powered blockchain interoperability model and its use of CCIP to enable cross-chain green financial products that can be purchased with the A$DC stablecoin.
“We are pleased to join Project Guardian and look forward to demonstrating how our emerging Digital Assets capabilities, such as A$DC, can be used to support our customers to move goods and capital across the region,” said ANZ Banking Services Lead, Nigel Dobson.
21.co, the parent company of leading crypto ETP issuer 21Shares, integrated Chainlink Proof of Reserve (PoR) on Solana and Ethereum to enhance the transparency of 21.co Wrapped Bitcoin (21BTC). By enabling secure minting and automating real-time reserve verification for 21BTC, PoR will help make Bitcoin more accessible throughout the Solana and Ethereum ecosystems.
Digital asset management platform Fireblocks announced a strategic collaboration with Chainlink Labs to provide financial institutions with a secure, compliant, end-to-end solution for issuing regulated stablecoins backed by essential Chainlink infrastructure such as PoR.
Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, described the synergy between Fireblocks and Chainlink as a powerful force accelerating global adoption of tokenized assets such as the COPW stablecoin launched by Wenia in July.
“We expect this will not only provide stablecoin users with real-time visibility into asset reserves but also elevate the utility of the stablecoin as a secure payment vehicle and institutional trading instrument in digital asset markets,” she said.
Immediately following a $2 million security exploit involving uniBTC, Bedrock, the eighth-largest liquid restaking protocol with over $230 million in TVL, announced it’s integrating PoR to secure its minting function.
“Chainlink Proof of Reserve will provide Bedrock with automated and verifiable onchain checks to help ensure the correct backing of reserves, preventing the kind of exploit we experienced today,” read an official announcement.
PoR, CCIP, and Data Feeds constitute Chainlink’s suite of essential tokenization infrastructure. With the announcement that it’s integrating Chainlink’s full tokenization stack, Swiss startup Backed joined a growing number of DeFi protocols, DEXs, and traditional financial institutions that are bridging the gap between DeFi and TradFi with Chainlink-powered RWAs.
During his keynote at TOKEN2049 Singapore, Chainlink co-founder Sergey Nazarov distilled Chainlink’s role in unlocking the $867 trillion market opportunity for issuing RWAs and stablecoins onchain.
“The fundamental goal of all this is to get as much value from the TradFi community – which has hundreds of trillions of dollars in value – into the blockchain ecosystem on a single set of standards,” he said.
“TradFi will be the largest customer of DeFi, and DeFi will be defined and diversified by its ability to create yield and reliable markets for real-world assets – that’s the kind of world I think we’re going towards.”
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