The Chainlink platform for capital markets: • Data to enable the creation & transaction of tokenized assets. • Cross-chain interoperability to maximize liquidity & user access. • Synchronization to connect onchain economies to legacy systems & technologies. #LinkTheWorld
About us
Chainlink Labs is the leading provider of secure and reliable Web3 services that have enabled trillions of dollars in transaction value across DeFi, insurance, gaming, NFTs, and other major industries. Chainlink Web3 services enhance smart contracts by connecting them to real-world data sources and off-chain computation across any blockchain and provide global enterprises with a universal gateway to all blockchains. Chainlink Labs is dedicated to the development and integration of Chainlink as the industry-standard Web3 services platform connecting the world to blockchains. At Chainlink Labs, we empower the broader Chainlink community and build world-class Web3 solutions with global enterprises such as AWS, Google, T-Systems, and leading development teams at the forefront of the smart contract ecosystem, including Aave, Compound, Synthetix, GMX, and many more. Through a fusion of cutting-edge academic research and an industry focus on user needs, our mission is to enable the next generation of smart contracts and build a world powered by truth. Attention Chainlink Labs Job Seekers: Fake recruiter scams have become increasingly common on LinkedIn, especially in the Web3 space. All official Chainlink Labs recruiters should have the Verifications symbol next to their name. When you click the symbol you will see a workplace verification that indicates, “Chainlink Labs: Verified using work email.” If you are contacted by a LinkedIn profile that does not carry this verification but claims to be a recruiter with Chainlink Labs, we recommend you do not interact with these individuals, e.g., responding to requests for additional information, clicking on links, filling out forms, etc. We appreciate your continued collaboration in helping to keep our community and ecosystem safe.
- Website
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https://www.chainlinklabs.com/
External link for Chainlink Labs
- Industry
- Technology, Information and Internet
- Company size
- 501-1,000 employees
- Headquarters
- San Francisco
- Type
- Privately Held
- Specialties
- Blockchain, Smart Contracts, Blockchain Oracles, Cryptography, Decentralized Systems, Data Security, Data Aggregation, DeFi, Web APIs, and IoT
Locations
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Primary
San Francisco, US
Employees at Chainlink Labs
Updates
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Transforming real-world assets into a tokenized format is how #blockchain scales to mass adoption. A deep dive into tokenized assets with Chainlink and Paxos: https://lnkd.in/gk5kaWjy
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Tomorrow, leaders from Backed Finance AG, #Chainlink, INX and Polygon Labs will discuss the convergence of DeFi and TradFi. Tune in to learn how tokenization infrastructure is empowering institutions to enter the onchain economy.
This Tuesday 16th at 10AM ET / 4PM CET, tune in to our first LinkedIn Live to see Bernardo Quintão from Backed Finance AG, Bob Ejodame from INX, Colin Butler from Polygon Labs, and Colin Cunningham from Chainlink Labs discuss how we're all building tokenization infrastructure to enable institutional adoption 🏦 Gain firsthand insights into how these innovators are making it easier for institutions to adopt and utilize tokenized assets 🌐 Discover the potential of tokenization to transform the financial landscape and hear directly from those shaping its future.
Tokenization Infrastructure: Enabling Institutional Adoption
www.linkedin.com
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“For both Fortune 100 and Fortune 500 companies, blockchain as operational infrastructure is the main driver of innovation and ambitions in web3,” according to a recent industry report on corporate adoption by Coinbase. The report highlights these companies' reason for investing and innovating in blockchain technologies: “Because they know that our century-old global financial system needs updating, that blockchain can be a foundational solution, and that not keeping pace will mean losing ground in this global economy to competitors around the world.” Read in full: https://lnkd.in/eWNkpmMN
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Just like #Chainlink Price Feeds enabled DeFi, Chainlink NAV data enables markets to form around tokenized funds. A new era of onchain finance is upon us: https://lnkd.in/gKjiaXXQ
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Top story: 300% rise in digital asset trading volumes for Singapore's DBS Bank Digital Exchange (DDEx) Custodied assets increased 80% in SGD terms and active clients are up 36% for DDEx. The exchange is now considering enabling clients to stake Ethereum and exploring listing stablecoins. Also, DBS is the custodian for Paxos’ upcoming USDL #stablecoin, which was announced last week. More industry news from around the world: 1. European Securities and Markets Authority (ESMA) mandates use of Digital Token Identifier ESMA now requires the use of the standardized Digital Token Identifier (DTI) for crypto-assets, making it a core reference point for EU capital markets. Swift and Six Digital Exchange have already adopted the DTI. 2. Visa showcases tokenized deposit use cases with HSBC and Hang Seng Bank The use case demonstrated multiple settlement processes, including a high-value real estate transaction and Visa card payments. 3. Taiwan central bank starting wholesale CBDC trials The wCBDC will be used for interbank settlement of tokenized deposits, tokenized asset transactions, and programmable transactions known as purpose-bound money. 4. FX payment vs. payment (PvP) tested by DBS, J.P. Morgan, Mizuho, and Partior The proof of concept tested FX payment versus payment (PvP) settlement using Partior’s #blockchain network, with JP Morgan, DBS, and Mizuho as participants. 5. Coinbase and Greengage collaborate on blockchain-based financing for SMEs Coinbase partnered with the London-based financial services provider to help small and medium enterprises (SMEs) access institutional-grade credit markets. In other tokenized RWA projects, Schroders Capital partnered with Hannover Re to tokenize insurance-linked securities—bonds used to hedge risks of extreme weather events—while Fasset and Dinari partnered to provide tokenized securities. 6. Bank for International Settlements – BIS Approves disclosure framework for crypto exposures Banks will be required to disclose qualitative information on their #crypto activities and quantitative information on their exposure to crypto. 7. Invesco US Galaxy sets spot Ethereum ETF fee at 0.25% in latest round of filings The fee is above VanEck’s 0.20% fee and Franklin Templeton’s 0.19% fee. BlackRock, Fidelity, 21Shares, and Grayscale have not disclosed fees. Sources below.
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Chainlink Labs reposted this
Real World Asset (RWA) tokenization is the next big trend in the blockchain industry and I believe it is on track to hold more onchain value than cryptocurrencies. More in the presentation linked here https://lnkd.in/efutMzd9 , with some key points below. RWAs have already surpassed DeFi in terms of the total value they hold, with DeFi being the biggest trends to redefine the blockchain industry over the last 4 years. The amount of value that can be quickly turned into an RWA is in the tens of trillions, with only a very small percentage currently being in the RWA format. This includes all commodities, all real estate, all funds, and much more. Large institutions like Blackrock, Fidelity, and others are already participating in the RWA trend through tokenized funds, with many more to come. RWAs are a superior format for more secure ownership and transferability of asset via rapid transfer onchain. RWA can be purchased and transferred across different countries and their separate financial systems with less friction than the current system. Providing easier access to global liquidity, a dynamic that has helped grow cryptocurrency for years. RWAs have the ability to hold critical pieces of data that prove important things about the underlying asset much quicker and more effectively than traditional systems. Good examples are Chainlink's usage to put NAV data on-chain for large CSDs and proof of reserve about the current state of an underlying asset. RWAs are in the very early stages of creating efficiency for their assets using onchain logic. As more of a fund’s administration/operations goes on-chain, you eventually get to huge increases in efficiency with even large decreases in the costs of operating a fund. For example, the placing of NAV data on-chain at faster rates than the current system can massively speed up the timeline on which you can redeem, lowering it from months to minutes, which has a large economic benefit.
“The tokenized real-world asset category could eventually flip all of cryptocurrency value.” Watch Sergey Nazarov’s full keynote from EthCC ↓ https://lnkd.in/gKjiaXXQ
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Chainlink Price Feeds are now live on Starknet mainnet, a layer-2 validity rollup on Ethereum developed by StarkWare. How the industry-standard data solution unlocks next-gen DeFi apps on Starknet: https://lnkd.in/gY3wFWhr
Accelerating DeFi Development and Ecosystem Adoption
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The blockchain industry is converging with the global financial system by replatforming real-world assets into a superior tokenized format. Unified golden records are a key building block to this transformation, and #Chainlink uniquely enables them: https://lnkd.in/gbjibeQr What is a unified golden record? A unified golden record is a verifiable, persistent, updateable, and interoperable data container that lives on a blockchain and is embedded in the asset’s smart contract. It's a single source of truth for the asset, which can be referenced by all market participants on any chain. It overcomes a key challenge with tokenization—the separation of tokenized assets (i.e., ownership receipts) and key data needed to facilitate transactions such as NAV, proof reserves, pricing, identity, and more. Connecting the two is critical to unlocking liquid and efficient onchain markets. A unified golden record requires: 1. Data enrichment—Tokenized assets need real-world data to facilitate transactions 2. Cross-chain interoperability—Tokens/data must be accessible across by onchain environment 3. Synchronization—Assets must stay updated as they move cross-chain Chainlink is uniquely positioned to support a unified golden record standard that underpins the next era of finance as the Chainlink platform securely relays data to and from public/private blockchains and offchain systems, and enables interoperability between them.
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