Japan's Largest Financial Group Forms Strategic Partnership with Chainlink

Uk Jin

Summary

SBI Group announced that it has entered into a strategic partnership with blockchain infrastructure provider Chainlink.
The two companies plan to promote various use cases aimed at Asia-Pacific financial institutions, such as tokenization of real-world assets, cross-chain interoperability, and on-chain NAV data transmission.
The partnership also includes providing solutions for Payment versus Payment in cross-border transactions and transparent on-chain verification of stablecoin reserves.

One of Japan's largest financial groups, SBI Group, announced on the 25th that it has formed a strategic partnership with blockchain infrastructure provider Chainlink (LINK).

Through this collaboration, SBI and Chainlink plan to promote use cases centered on financial institutions in the Asia-Pacific region. Notably, these include tokenization of real estate and bonds, cross-chain interoperability protocol (CCIP) to support blockchain transactions, and delivery of on-chain Net Asset Value (NAV) data for tokenized funds.

Additionally, SBI and Chainlink will propose solutions such as implementing Payment versus Payment (PvP) in cross-border transactions and transparent on-chain verification of stablecoin reserves through Chainlink's proof of reserves.

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