Chainlink

In a groundbreaking move, traditional finance and the crypto industry are set to converge as Swift and Chainlink announce their collaboration to usher in a new era of interoperability. The partnership, aimed at testing connections between major financial institutions and multiple blockchain networks, seeks to revolutionize both realms&#39; efficiency, cost reduction, and liquidity.<a href="https://www.swift.com/homepage" rel="noopener noreferrer nofollow">Swift</a>, the internationally renowned interbank messaging system, is at the heart of this pioneering experiment, and <a href="https://chain.link/" rel="noopener noreferrer nofollow">Chainlink</a> is a leading provider of real-world data to blockchains. The duo plans to bridge the gap between traditional finance and the crypto sphere, establishing seamless connections between dozens of financial institutions and diverse blockchain networks.The list of companies that participated in these groundbreaking tests, includes big names like <a href="https://group.bnpparibas/en/" rel="noopener noreferrer nofollow">BNP Paribas</a>, <a href="https://www.bnymellon.com/" rel="noopener noreferrer nofollow">BNY Mellon</a>, <a href="https://www.citigroup.com/global" rel="noopener noreferrer nofollow">Citi</a>, and <a href="https://www.lloydsbankinggroup.com/.html" rel="noopener noreferrer nofollow">Lloyds Banking Group</a>, among others. The collaboration aims to explore the feasibility of using Swift&#39;s infrastructure to facilitate the transfer of tokenized assets across various blockchains. This move could transform the landscape of capital markets.With its critical connectivity across public and private blockchains, Chainlink is poised to drive this leap in blockchain interoperability. The move holds significant implications not only for financial institutions but also for the cryptocurrency sector itself. <a href="https://www.youtube.com/watch?t&#61;458&amp;v&#61;dOG8XU03UUY&amp;feature&#61;youtu.be" rel="noopener noreferrer nofollow">Sergey Nazarov</a>, the co-founder of Chainlink, believes that involving banks, which currently hold the lion&#39;s share of global capital, is paramount for the crypto industry to exceed the single-digit trillion mark and reach a staggering $10 trillion market capitalization.Read full article at <a href="https://cryptotale.org/swift-and-chainlink-join-forces-pioneering-the-path-to-blockchain-backed-finance/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Swift and Chainlink Join Forces: Pioneering the Path to Blockchain-Backed Finance

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