Chainlink Labs

“The tokenized real-world asset category could eventually flip all of cryptocurrency value.” Watch Sergey Nazarov’s full keynote from EthCC ↓ https://lnkd.in/gKjiaXXQ

All roads lead to asset tokenization—with 97% of institutional investors agreeing it will revolutionize asset management. Developers: On July 11 at 2-3:30PM ET, join Chainlink and Avalanche to tokenize your first asset with Chainlink Functions. This is the perfect opportunity to get yourself up to speed with tokenized assets. This masterclass will provide step-by-step instructions on building tokenized real estate and provide a framework for tokenizing virtually any asset. Register today: https://lnkd.in/gk6QD79A

The first-ever Chainlink CCIP Bootcamp is here: 🤖 Build your first cross-chain dynamic NFT  🚕 Move tokens across any #blockchain 🌍 Dive into CCIP’s industry-standard design When: August 5-7 Where: 100% virtual  Why: Expert-led, step-by-step tutorials Register now: https://lnkd.in/gHVgT6pU

Web3 enthusiasts from around the world are attending EthCC, the largest annual European Ethereum gathering. See #Chainlink at key events between July 8-14: https://chain.link/ethcc

Onchain builders, kick off Chainlink SmartCon in Hong Kong with the brightest minds in the blockchain industry at Hacker House on October 28-29. Sign up now: https://lnkd.in/gd-kVeJp

Fortune 100 blockchain initiatives have increased by 39% in the past year—hitting a record high in Q1 2024, according to a recent industry report by Coinbase. Five key insights: 1. The annual settlement volume of stablecoins hit $10 trillion in 2023 (more than 10x the amount of remittances worldwide). 2. Instant settlement is recognized as the number one benefit across both stablecoin and tokenization use cases. 3. The total value of non-stablecoin assets tokenized is roughly $3B based on publicly trackable data, although the Hong Kong Monetary Authority estimates another $3.9B of bonds have been tokenized. 4. Most Fortune 500 executives say their companies will maintain or increase their budget for crypto and onchain projects over the next two years. 5. A record 59% of F100 blockchain initiatives are now at an advanced stage. Read in full: https://lnkd.in/eeQwjbN3 

7 innovations in capital markets #PoweredByChainlink

“We expect demand for overall tokenised real-world assets to reach up to USD 30.1 trillion by 2034,” notes a new industry report by Standard Chartered and Synpulse. Additionally, tokenization can “help to address the USD 2.5 trillion trade finance gap.” https://lnkd.in/eGrQ7ebt

#LinkTheWorld

Top story: “We’re at a critical tipping point.” Delivering NAV data to blockchains is set to catalyze the growth of tokenized funds. Is RWA tokenization in 2024 akin to #DeFi in 2019? This week, a new landmark use case for tokenized funds: Fidelity International and Sygnum Bank collaborated with #Chainlink to deliver NAV data onchain for Fidelity International’s $6.9B money market fund. Sygnum tokenized $50M of Matter Lab’s reserves held in the fund and issued it in a tokenized format on the ZKsync blockchain. “The fund industry, one of the largest parts of the global financial system, and Fidelity International is one of the biggest players in that ecosystem,” noted Chainlink’s Sergey Nazarov. Bringing NAV data onchain enables the creation of tokenized funds, mirroring what the industry saw in DeFi, where Chainlink Data Feeds catalyzed the growth of the DeFi space to over $200B. “The tokenized fund trend is in a similar position.” Earlier this year, the Depository Trust and Clearing Corporation (DTCC), Chainlink, and 10 of the world’s largest financial institutions collaborated on the Smart NAV pilot that delivered key mutual fund data onchain. “The RWA trend is probably the largest trend in crypto right now and fund tokenization is a very big subset of that,” said Nazarov. “We’re at a critical tipping point.” More industry news from around the world: 1. Clearstream, DekaBank Deutsche Girozentrale, and DZ BANK AG issue tokenized €5M bonds These tokenized bonds mark the first institutional-grade issuances on a #blockchain using wholesale digital central bank money within Germany, noted Clearstream, a subsidiary of Deutsche Börse. It successfully demonstrated how delivery versus payment (DvP) can settle transactions involving securities and wCBDCs. The bonds were issued on Deutsche Börse’s D7 DLT as part of the European Central Bank’s (ECB) trials. DeBank highlighted the key benefits for issuers of “speed, scalability, and security.” 2. Paxos to issue stablecoins in Singapore with DBS Bank to custody reserves After the Monetary Authority of Singapore (MAS) gave Paxos a license to operate, Paxos selected Singapore’s largest bank, DBS Group Holdings Ltd., to custody its reserves. Paxos is now approved to issue stablecoins in the US, UAE, and Singapore. 3. Societe Generale - FORGE makes EURCV stablecoin MiCA compliant, enabling use across DeFi Societe Generale-FORGE, a subsidiary of France’s third-largest bank Societe Generale, has made its EURCV compliant with the EU’s Markets in Crypto-Assets (MiCA) regulations after receiving an e-money license. Until now EURCV could only be transferred to allowlisted addresses, but that restriction is now lifted and EURCV can be transferred freely, including across the DeFi landscape. More news continued and sources below.