In 2023, Chainlink has become one of the great pillars of the evolution of DeFi. This crypto platform has indeed established successful partnerships with renowned banks and various financial players. These collaborations have generated innovative solutions, transforming the way transactions and assets are managed globally.
Chainlink creates fruitful collaboration with banks
Swift, the standard messaging network for 11,000 banks, has worked with Chainlink as well as some of the world’s largest banks and infrastructures. We cite :
- Euroclear,
- Clearstream,
- BNP Paribas,
- B.N.Y. Mellon,
- Citi.
The objective: to create a solution allowing connect multiple crypto blockchains in a secure and scalable manner.
ANZ Bank used Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to conduct a cross-border, cross-chain purchase of tokenized crypto assets. This important Australian bank has launched two stablecoins: A$DC and NZ$DC. Both are backed by the Australian dollar and the New Zealand dollar.
Chainlink diversifies crypto and DeFi use cases with other financial players
DTCC explored with Chainlink how oracles can improve the efficiency and transparency of settlement and clearing processes. DTCC is considered the largest securities settlement system in the world. It processes more than $2 quadrillion per year.
Vodafone has integrated Chainlink into its global commerce platform based on the Thing Economy. It thus makes it possible to connect data and smart contracts across different networks.
Vodafone is a telephone operator relied on by more than 350 million customers, 160 million IoT devices and 7 million organizations worldwide.
Last but not least, ARTA TechFin has used Chainlink’s crypto decentralized computing platform to bring cutting-edge functionality and transparency to its fund tokens.
Chainlink has therefore undeniably shaped the crypto and DeFi landscape in 2023. It remains to be seen whether it will manage to stay the course this year!
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