2024

Chainlink

The leading blockchain oracle network, Chainlink, is expanding its partnership with Hong Kong-based asset manager Arta TechFin to bring real-world assets on-chain.&nbsp; 
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 Hong Kong-based <a href="https://twitter.com/ARTATechFin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@ARTATechFin</a> and <a href="https://twitter.com/chainlinklabs?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@ChainlinkLabs</a> expand digital asset collaboration and develop strategic partnership for blockchain-based solutions across RWA verticals, including: • Tokenized funds • Tokenized real estate • Stablecoins Read more ⬇️— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1792952043893608581?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 21, 2024</a>
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Announced on May 21, this <a href="https://www.prnewswire.com/news-releases/arta-techfin-and-chainlink-labs-announce-expansion-of-digital-asset-collaboration-and-the-development-of-strategic-partnership-for-blockchain-based-solutions-302151552.html" target="_blank" rel="noreferrer noopener">collaboration</a> aims to address the market need for comprehensive solutions that cover everything from off-chain asset origination to secondary trading and enhanced product integrity. 
Arta TechFin CEO Eddie Lau emphasized that this partnership aims to meet the demand for comprehensive asset tokenization solutions, potentially revolutionizing markets by making $867 trillion worth of illiquid assets, like real estate and collectibles, electronically tradable. 
Real estate transactions, typically lengthy and complex, can benefit significantly from tokenization. Chainlink’s real-time price feeds and CCIP interoperability protocol enable seamless interactions between blockchains, facilitating asset transfers across chains. 
In 2023, Chainlink partnered with SWIFT to test transferring value between blockchain protocols. More recently, Chainlink conducted a pilot program with the Depository Trust &amp; Clearing Corporation (DTCC) and major banks, including BNY Mellon and JP Morgan, to bring fund data on-chain. 
Chainlink isn’t alone in this space. Ripple Labs is also focusing on asset tokenization, partnering with JPMorgan, Santander, and IBM to bring assets like real estate, stocks, and bonds onto its blockchain ledger. 
Chainlink’s expanded partnership with Arta TechFin signifies a significant step toward revolutionizing asset tokenization and enhancing market integrity. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/17/amf-warns-bybit-for-operating-digital-asset-services/" target="_blank" rel="noreferrer noopener">AMF Warns Bybit for Operating Digital Asset Services</a> 
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Chainlink and Arta TechFin Expand Digital Asset Partnership

The Crypto Times

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