SBI Digital Markets, the digital asset arm of the Japanese financial services group SBI Group, has partnered with Chainlink to accelerate institutional adoption of the Chainlink Cross-Chain Interoperability Protocol (CCIP).
Both firms have positioned the collaboration as a clear example of the convergence between traditional and decentralised finance.
“Our vision for the future of capital markets is built on an interconnected global platform – this can only be realised with an interoperable and secure infrastructure,” said CK Ong, chief operating officer at SBI Digital Markets.
Chainlink CCIP will serve as SBI Digital Markets’ cross-chain interoperability solution, enabling tokenised assets to move between public and private blockchains.
SBI Digital Markets will also use CCIP Private Transactions, which protect sensitive data in cross-chain transfers, including transaction amounts, counterparties and settlement details.
“We have seen significant success and interest in tokenised forms of real-world assets and through our exclusive access to these asset classes, SBI Digital Markets is in a unique position to structure and distribute digital assets across TradFi and DeFi networks,” added Ong.
The initiative builds on the partnership between SBI Group and Chainlink, and their joint success under MAS’s Project Guardian, where SBI Digital Markets, UBS Asset Management and Chainlink automated key fund management processes.
“By adopting Chainlink as its exclusive interoperability infrastructure provider, SBI Digital Markets is advancing its digital assets platform with institutional-grade interoperability, privacy, and compliance across public and permissioned chains,” said Johann Eid, chief business officer at Chainlink Labs.
