SWIFT is working with chainlink on a cross-chain interoperability protocol to enable TradFi players to access both digital and traditional asset classes on one network. Aoyon_A reports from SmartCon 2022
SWIFT’s Strategy Director Jonathan Ehrenfeld Solé said that one of the reasons working with Chainlink on CCIP has been successful is that there is “undeniable interest” in crypto from institutional investors. Traditional finance players want access to various digital and traditional assets on one network that can connect different types of asset classes, Solé said.
The partnership between Chainlink and SWIFT in cross-chain interoperability will help bridge the gap between traditional and digital assets for TradFi institutions, he added.The demand for interoperability has increased in recent months, having been touted as the next big development for not just crypto natives but also TradFi investors moving into digital assets.
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