Chainlink Labs

Accelerating the adoption of digital assets/smart contracts in TradFi is just the start. Once the world's largest asset managers and banks are onchain, the next step is connecting them to the DeFi protocols already powered by Chainlink. Once there is a single standard for how transactions work correctly across multiple chains as well the two worlds of DeFi and TradFi, then we will enter a global Internet of Contracts, the true promise of what our industry has been working towards.

Q2 Product Update: - Introduced new NAV solutions for DTCC, Fidelity International & Sygnum - Launched Chainlink Digital Assets Sandbox - Aave’s integration of CCIP into GHO stablecoin - Expansion of Data Streams to Avalanche And more. Dive in: https://lnkd.in/gznepGy6

We’re excited to launch the #Chainlink Digital Assets Sandbox—a turnkey solution for accelerating innovation in capital markets. This new sandbox enables financial institutions to conduct tokenization trials and collaborative PoCs within days, not months: https://lnkd.in/gVhCCvUT

So, you’ve heard of crypto tokens. But have you heard of clay tokens from ~10,000 years ago? How we evolved from clay to cryptography 🧵 1. ~7500-3000 BC: Clay tokens In Mesopotamia, clay tokens were used to represent value, enabling trade and barter. These tokens enabled some of the earliest forms of recorded transactions and were used to keep track of goods such as grain and livestock. Problem: Clay tokens lacked standardization and portability, and were likely tied to specific geographic regions, hindering their widespread adoption. 2. ~600 BC: Gold coins Gold coins were first used in The Kingdom of Lydia. Lydian coins, typically made from a gold-silver alloy called electrum, standardized value and facilitated trade across regions, laying the foundation for modern monetary systems. Problem: Due to their high value, even the smallest-denominated electrum coins were initially only used for large-scale retail transactions. 3. ~11th century: Paper notes Jiaozi (Chinese: 交子) was a form of promissory note that appeared in China around the 11th century during the Song Dynasty. Historians regard Jiaozi as the first paper money in history. Problem: Jiaozi circulation stopped quickly after their introduction, as the government was unable to regulate their production, leading to an undesirably high inflation rate. 4. ~14th century: Medieval accounting During the medieval period, advancements in accounting practices emerged. One of the most notable developments was the invention of double-entry bookkeeping, which revolutionized financial record-keeping and business transactions. Problem: Double-entry bookkeeping was relatively slow to spread in medieval Europe due to its complexity and a scarcity of trained accountants capable of implementing the system correctly. 5. 20th century: Electronic finance The growing use of computers paved the way for the digitalization of finance. The development of credit cards in the 1950s marked the beginning of electronic financial transactions, eventually leading to modern digital banking. Problem: While financial transactions are stored in an electronic format, they are recorded across a fragmented collection of databases managed by various centralized intermediaries. 6. 21st century: Tokenized finance Today, blockchain technology is enabling the creation of tokenized value. Cryptocurrencies like Bitcoin and the subsequent launch of tokenization platforms such as Ethereum are paving the way for fully onchain representations of value. Problem: Financial institutions are launching blockchains to tap into the benefits of tokenized assets. However, this fragments liquidity across trading environments—the tokenized asset ecosystem needs a universal interoperability standard to unify all tokenized asset liquidity.

The adoption of tokenized assets is at a tipping point. This report examines prominent events in Q2 2024 and breaks down how Chainlink PoR, Chainlink’s Daily Reference Price, and other #Chainlink services can enhance the tokenization economy: https://lnkd.in/gn5uAAXy

The Chainlink platform for capital markets: • Data to enable the creation & transaction of tokenized assets. • Cross-chain interoperability to maximize liquidity & user access. • Synchronization to connect onchain economies to legacy systems & technologies. #LinkTheWorld

Transforming real-world assets into a tokenized format is how #blockchain scales to mass adoption. A deep dive into tokenized assets with Chainlink and Paxos: https://lnkd.in/gk5kaWjy

Tomorrow, leaders from Backed Finance AG, #Chainlink, INX and Polygon Labs will discuss the convergence of DeFi and TradFi. Tune in to learn how tokenization infrastructure is empowering institutions to enter the onchain economy.

“For both Fortune 100 and Fortune 500 companies, blockchain as operational infrastructure is the main driver of innovation and ambitions in web3,” according to a recent industry report on corporate adoption by Coinbase. The report highlights these companies' reason for investing and innovating in blockchain technologies: “Because they know that our century-old global financial system needs updating, that blockchain can be a foundational solution, and that not keeping pace will mean losing ground in this global economy to competitors around the world.” Read in full: https://lnkd.in/eWNkpmMN

Just like #Chainlink Price Feeds enabled DeFi, Chainlink NAV data enables markets to form around tokenized funds. A new era of onchain finance is upon us: https://lnkd.in/gKjiaXXQ