Chainlink

The mainnet beta release of hashtag#Chainlink Functions is now live on Arbitrum mainnet (The Arbitrum Foundation). Arbitrum devs can now leverage Functions to connect to, and compute upon, any offchain data, device, or system—all in a trust-minimized manner. Read more:

“The industry is ready for tokenization.” At Sibos 2023, Chainlink Labs team members met with world-leading financial institutions. One insight from talking with industry leaders was that the financial system is ready for tokenization. Since the September event, there have already been a number of massive leaps forward: 1. HSBC launched a blockchain-based platform for tokenized gold. 2. SIX Digital Exchange settled the first transaction of tokenized assets on a regulated and live DLT platform using a wholesale CBDC. 3. BlackRock CEO Larry Fink shared on CNBC that “ETFs are step one in the technological revolution in the financial markets. Step two is going to be the tokenization of every financial asset.” Not to mention, Chainlink is collaborating on tokenization use cases with Swift, DTCC, ANZ Bank, Vodafone, ARTA TechFin, and many others. In 2024, the adoption of tokenized assets is set to expand even further. hashtag#TheFutureIsOn

Need to use a cross-chain bridge? Read this blog first:

Redeemable for one fine troy ounce of gold and powered by Chainlink Price Feeds, Pax Gold tokens by Paxos are a prime example of real-world assets (RWAs) moving onchain. “Chainlink oracles will accelerate the adoption of Paxos’ USD and gold-backed tokens in DeFi,” said Walter Hessert, head of strategy at Paxos. A primer on tokenized gold and the RWA megatrend: https://buff.ly/3SA2TsZ

Why is Delivery versus Payment (DvP) for tokenized assets a must-have feature for financial institutions? By ensuring that the asset transfer and corresponding payment occur simultaneously, DvP massively reduces counterparty and settlement risks. In other words, it guarantees that if one party delivers an asset, they receive the agreed-upon payment in return. Chainlink CCIP enables onchain DvP for all single-chain and cross-chain atomic settlement scenarios that involve tokenized securities or tokenized cash. Along with mitigating risks, onchain DvP completely eliminates trade failure during cross-chain swaps. Ultimately, with high-integrity DvP settlement onchain, banks and asset managers can issue more RWAs. Understand the infrastructure needed to bring world-leading institutions onchain: https://buff.ly/3OgaaM4

"Chainlink is the core platform that capital markets need to advance tokenization." Check out Global Blockchain Business Council (GBBC)'s 2023 Annual Report to see how Chainlink is unlocking three key use cases for capital markets: https://buff.ly/3ShTjtb

The hashtag#RWA trend will only expand to encompass new asset classes. Real estate could be represented onchain as dNFTs, with payments, identity, and other offchain information all verified using zero-knowledge proofs. The tokenized future is coming: https://buff.ly/3OnbtbX

Chainlink Automation is officially live on Base, the layer-2 network incubated by Coinbase. Base builders can now leverage Web3’s most reliable and performant automation solution to power next-gen use cases.

“If you want [tokenized assets] to be useful on permissionless blockchains, you need to bring an ecosystem of data.” Watch Chainlink Labs’ Raoul Schipper on the ETHGlobal LFGHO hackathon kickoff: https://buff.ly/3Ok27gZ Explore upcoming sessions and the $5K in prizes for projects that feature Chainlink CCIP and Aave’s overcollateralized stablecoin GHO: https://buff.ly/3Sk2ut4

#Chainlink CCIP now supports cross-chain USDC transfers through a new integration with Circle Cross-Chain Transfer Protocol (CCTP). CCIP's defense-in-depth infrastructure helps ensure that cross-chain USDC transfers are supported by the highest possible level of security. https://buff.ly/3Sgt4Dx