Chainlink and SBI Group Partner for Cross-Chain Tokenized RWAs

Chainlink, a leading blockchain oracle network, has announced a significant strategic partnership with the SBI Group, a major financial services company in Japan. The collaboration is designed to accelerate the global adoption of blockchain and digital assets by focusing on cross-chain tokenization of real-world assets (RWAs). This partnership will leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable a wide range of use cases, including tokenized funds and regulated stablecoins, with an initial focus on the Japanese market.

New Use Cases and Broader Market Impact

The alliance will utilize Chainlink’s advanced technology to bring critical data on-chain. For instance, Chainlink’s SmartData will be used to provide net asset value data for tokenized funds, which is essential for increasing liquidity and improving operational efficiency. The partnership will also employ Chainlink’s Proof of Reserve to offer transparent, on-chain verification of the assets backing stablecoins.

This collaboration builds on their previous work with the Monetary Authority of Singapore’s (MAS) Project Guardian. While the on-chain value of tokenized RWAs has reached a new all-time high, it remains a small part of the multi-trillion-dollar traditional finance sector, indicating massive potential for future growth.