In its December 19 Q4 product update, Chainlink announced a series of strategic initiatives to bridge the gap between traditional finance (TradFi) and blockchain technology.
The crypto oracle provider has revealed its plan to support the virtual tokenization of Real World Assets (RWAs) on the blockchain, marking a significant step in integrating digital and traditional asset markets.
Chainlink Expands with CCIP and New Data Streams
Initially launched in July, one of the key elements of Chainlink’s strategy is the expansion of the Cross Chain Interoperability Protocol (CCIP). This protocol has been pivotal in enabling seamless cross-chain transactions, a necessity for integrating capital markets and RWAs into the blockchain.
“We will heavily prioritize CCIP to meet the demand fueled by capital markets moving on-chain,” said Chainlink ambassador “ChainLinkGod.”
The expansion of CCIP will include more chains and assets, scaling its adoption in capital markets and RWAs. Chainlink
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