On August 25, Japanese financial group SBI Holdings announced a strategic partnership with Chainlink to accelerate institutional adoption of digital assets. The two parties will work together to use Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain transactions of tokenized physical assets (such as real estate and bonds). The protocol can achieve secure transactions across any blockchain while ensuring compliance and privacy.
Additionally, the two parties will focus on leveraging Chainlink CCIP to enable payment-to-payment (PvP) settlement for foreign exchange and cross-border transactions, while leveraging Chainlink Proof of Reserve to provide transparent on-chain verification of stablecoin reserves.
