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Chainlink creator Sergey Nazarov says that the traditional finance (TradFi) world will be connected to decentralized finance (DeFi) via LINK<\/a>.<\/p>\n Nazarov says<\/a> on the social media platform X that TradFi is gearing up to take the next big step in its adoption of digital assets and smart contracts.<\/p>\n \u201cAccelerating the adoption of digital assets\/smart contracts in TradFi is just the start. Once the world\u2019s largest asset managers and banks are on-chain, the next step is connecting them to the DeFi protocols already powered by Chainlink. <\/em><\/p>\n Once there is a single standard for how transactions work correctly across multiple chains as well the two worlds of DeFi and TradFi, then we will enter a global Internet of Contracts, the true promise of what our industry has been working towards.\u201d<\/em><\/p>\n Nazarov references the launch of Chainlink\u2019s Digital Assets Sandbox (DAS), designed by Chainlink Labs and powered by its Cross-Chain Interoperability Protocol (CCIP).<\/p>\n The Chainlink DAS aims to \u201caccelerate digital asset innovation within financial institutions\u201d by giving them access to \u201cready-to-use business workflows for digital assets.\u201d<\/p>\n According to Chainlink Labs<\/a>, as an example, institutions can now use the DAS on several blockchain testnets to digitize a traditional bond by converting it into digital tokens and enabling the tokens to be traded and settled on a Delivery versus Payment basis \u2013 plus many other real-world examples.<\/p>\n Says Kevin Johnson, the head of innovation competence centre at world settlement firm Euroclear,<\/p>\n \u201cA Digital Assets Sandbox provides market participants with a safe environment where financial institutions and fintechs alike, can experiment and understand how the technology impacts operating and business models. It gives teams the ability to experiment, learn, and ultimately build a strong business case to invest in their digital asset strategies.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Featured Image: Shutterstock\/Relight Motion<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Chainlink creator Sergey Nazarov says that the traditional finance (TradFi) world will be connected to decentralized finance (DeFi) via LINK. Nazarov says on the social media platform X that TradFi is gearing up to take the next big step in its adoption of digital assets and smart contracts. \u201cAccelerating the adoption of digital assets\/smart contracts […]<\/p>\n","protected":false},"author":2,"featured_media":305372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-349636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=349636"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349636\/revisions"}],"predecessor-version":[{"id":349640,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349636\/revisions\/349640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/305372"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=349636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=349636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=349636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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